Berenberg Bank Lowers International Flavors & Fragrances (NYSE:IFF) Price Target to $78.30

International Flavors & Fragrances (NYSE:IFF) had its price objective reduced by Berenberg Bank from $78.80 to $78.30 in a research note released on Monday morning,MarketScreener reports. They currently have a hold rating on the specialty chemicals company’s stock.

Other equities research analysts also recently issued reports about the company. BNP Paribas Exane lowered their price target on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, September 11th. UBS Group lowered their target price on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Barclays dropped their target price on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Morgan Stanley decreased their price target on shares of International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, September 22nd. Finally, Wolfe Research upgraded shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday, September 8th. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average target price of $90.96.

International Flavors & Fragrances Price Performance

Shares of IFF stock opened at $60.96 on Monday. The firm has a fifty day moving average of $66.24 and a two-hundred day moving average of $72.51. The firm has a market cap of $15.62 billion, a P/E ratio of -39.33, a P/E/G ratio of 2.67 and a beta of 1.08. International Flavors & Fragrances has a 1-year low of $59.89 and a 1-year high of $106.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.69 billion. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.16 earnings per share. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances’s payout ratio is presently -103.23%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg purchased 15,450 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares in the company, valued at approximately $1,001,160. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald acquired 15,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the acquisition, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. This represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors have recently bought and sold shares of IFF. Praxis Investment Management Inc. increased its stake in International Flavors & Fragrances by 78.3% during the 3rd quarter. Praxis Investment Management Inc. now owns 12,327 shares of the specialty chemicals company’s stock valued at $759,000 after buying an additional 5,415 shares during the period. Osaic Holdings Inc. increased its stake in shares of International Flavors & Fragrances by 9.7% during the second quarter. Osaic Holdings Inc. now owns 18,155 shares of the specialty chemicals company’s stock valued at $1,343,000 after acquiring an additional 1,604 shares during the period. MASTERINVEST Kapitalanlage GmbH bought a new stake in International Flavors & Fragrances during the second quarter worth approximately $1,079,000. Hudson Bay Capital Management LP acquired a new stake in International Flavors & Fragrances in the second quarter worth approximately $1,389,000. Finally, Geneos Wealth Management Inc. boosted its stake in International Flavors & Fragrances by 60.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 939 shares of the specialty chemicals company’s stock valued at $69,000 after purchasing an additional 352 shares in 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.