International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $82.00 at Barclays

International Flavors & Fragrances (NYSE:IFF) had its price target trimmed by Barclays from $83.00 to $82.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the specialty chemicals company’s stock.

IFF has been the topic of a number of other reports. Bank of America decreased their price target on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Cfra downgraded International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price on the stock. in a research report on Thursday, February 20th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Finally, Wells Fargo & Company lowered their target price on shares of International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.31.

International Flavors & Fragrances Stock Down 2.3 %

International Flavors & Fragrances stock opened at $76.41 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The stock has a market capitalization of $19.54 billion, a PE ratio of 81.28, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21. The business has a 50 day simple moving average of $82.56 and a 200-day simple moving average of $89.89. International Flavors & Fragrances has a 12 month low of $76.38 and a 12 month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.83 by $0.14. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates 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 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Insider Buying and Selling

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

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its holdings in shares of International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 119 shares during the period. Arete Wealth Advisors LLC boosted its stake in International Flavors & Fragrances by 4.2% during the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after buying an additional 124 shares during the period. Truist Financial Corp increased its position in shares of International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after acquiring an additional 129 shares during the last quarter. Wahed Invest LLC raised its stake in shares of International Flavors & Fragrances by 2.1% in the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock valued at $536,000 after acquiring an additional 130 shares during the period. Finally, United Community Bank lifted its holdings in shares of International Flavors & Fragrances by 19.4% in the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.