International Flavors & Fragrances Inc. (NYSE:IFF) Director Hernandez Margarita Palau Buys 850 Shares

International Flavors & Fragrances Inc. (NYSE:IFF) Director Hernandez Margarita Palau acquired 850 shares of the stock in a transaction dated Monday, May 19th. The shares were bought at an average cost of $77.42 per share, with a total value of $65,807.00. Following the completion of the transaction, the director now owns 2,393 shares of the company’s stock, valued at approximately $185,266.06. This represents a 55.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock opened at $77.84 on Wednesday. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. 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 business has a 50 day simple moving average of $75.82 and a 200-day simple moving average of $82.36. The stock has a market capitalization of $19.91 billion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Friday, June 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -48.93%.

Analyst Upgrades and Downgrades

IFF has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. UBS Group boosted their target price on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Bank of America decreased their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Mizuho decreased their target price on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus decreased their target price on International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.54.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in International Flavors & Fragrances by 8.9% during the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after acquiring an additional 119 shares during the period. Truist Financial Corp grew its holdings in 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 worth $1,683,000 after acquiring an additional 129 shares during the period. Wahed Invest LLC grew its holdings in International Flavors & Fragrances by 2.1% in the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock valued at $536,000 after purchasing an additional 130 shares during the last quarter. United Community Bank grew its holdings in International Flavors & Fragrances by 19.4% in the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock valued at $78,000 after purchasing an additional 150 shares during the last quarter. Finally, Commerce Bank grew its holdings in International Flavors & Fragrances by 3.8% in the fourth quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company’s stock valued at $350,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

About International Flavors & Fragrances

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.