International Flavors & Fragrances (NYSE:IFF) Given New $90.00 Price Target at Wells Fargo & Company

International Flavors & Fragrances (NYSE:IFF - Free Report) had its price objective reduced by Wells Fargo & Company from $105.00 to $90.00 in a report published on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty chemicals company's stock.

Several other research firms also recently weighed in on IFF. Stifel Nicolaus decreased their price target on shares of International Flavors & Fragrances from $113.00 to $105.00 and set a "buy" rating for the company in a research note on Monday, February 3rd. Citigroup reduced their target price on International Flavors & Fragrances from $99.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer dropped their price objective on shares of International Flavors & Fragrances from $114.00 to $104.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Barclays reduced their price target on shares of International Flavors & Fragrances from $83.00 to $82.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Argus upgraded International Flavors & Fragrances from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $98.23.

Remove Ads

International Flavors & Fragrances Price Performance

Shares of IFF traded up $0.26 during trading hours on Wednesday, reaching $73.43. 2,013,500 shares of the stock traded hands, compared to its average volume of 1,517,422. The company's 50-day moving average price is $79.41 and its two-hundred day moving average price is $87.33. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances has a 52-week low of $65.85 and a 52-week high of $106.77. The company has a market cap of $18.78 billion, a P/E ratio of 78.12, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.14. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.67 billion. International Flavors & Fragrances had a net margin of 2.12% and a return on equity of 7.72%. On average, analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.18%. International Flavors & Fragrances's dividend payout ratio is presently 170.21%.

Insider Buying and Selling

In other International Flavors & Fragrances news, Director Kevin O'byrne acquired 6,500 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $80.44 per share, with a total value of $522,860.00. Following the transaction, the director now owns 6,500 shares of the company's stock, valued at $522,860. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Compagnie Lombard Odier SCmA raised its position in International Flavors & Fragrances by 11.1% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 114,179 shares of the specialty chemicals company's stock valued at $9,654,000 after purchasing an additional 11,406 shares in the last quarter. Choreo LLC increased its position in shares of International Flavors & Fragrances by 55.7% during the fourth quarter. Choreo LLC now owns 24,401 shares of the specialty chemicals company's stock worth $2,055,000 after purchasing an additional 8,728 shares in the last quarter. Covea Finance lifted its stake in International Flavors & Fragrances by 79.0% in the fourth quarter. Covea Finance now owns 123,090 shares of the specialty chemicals company's stock valued at $10,407,000 after buying an additional 54,340 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in International Flavors & Fragrances during the 4th quarter worth $7,508,000. Finally, S.E.E.D. Planning Group LLC grew its holdings in shares of International Flavors & Fragrances by 372.9% during the fourth quarter. S.E.E.D. Planning Group LLC now owns 63,104 shares of the specialty chemicals company's stock worth $5,335,000 after buying an additional 49,761 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.