Zacks Research upgraded shares of International Flavors & Fragrances (NYSE:IFF – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks reports. Zacks Research also issued estimates for International Flavors & Fragrances’ Q1 2027 earnings at $0.99 EPS, Q2 2027 earnings at $0.90 EPS, FY2027 earnings at $3.99 EPS, Q1 2028 earnings at $1.19 EPS, Q2 2028 earnings at $1.21 EPS, Q3 2028 earnings at $1.20 EPS and FY2028 earnings at $4.71 EPS.
A number of other analysts have also commented on the company. Vertical Research lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 target price for the company. in a report on Thursday, August 6th. Benchmark upped their price target on International Flavors & Fragrances from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Citigroup dropped their price objective on International Flavors & Fragrances from $101.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Barclays lifted their price objective on International Flavors & Fragrances from $96.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, October 16th. Finally, UBS Group boosted their target price on International Flavors & Fragrances from $84.00 to $91.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.22.
View Our Latest Analysis on International Flavors & Fragrances
International Flavors & Fragrances Trading Down 0.2%
NYSE:IFF opened at $91.06 on Tuesday. The stock has a market cap of $23.23 billion, a price-to-earnings ratio of 83.54, a PEG ratio of 3.85 and a beta of 0.91. The company has a quick ratio of 1.72, a current ratio of 2.06 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average price is $85.55 and its 200-day moving average price is $79.63. International Flavors & Fragrances has a 52 week low of $61.29 and a 52 week high of $92.02.
International Flavors & Fragrances (NYSE:IFF – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $2.62 billion. International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%. International Flavors & Fragrances’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 earnings per share. On average, equities research analysts forecast that International Flavors & Fragrances will post 3.29 earnings per share for the current fiscal year.
International Flavors & Fragrances Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Friday, September 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 18th. International Flavors & Fragrances’s dividend payout ratio is presently 146.79%.
International Flavors & Fragrances declared that its board has authorized a stock repurchase plan on Tuesday, August 4th that permits the company to buy back $2.50 billion in shares. This buyback authorization permits the specialty chemicals company to repurchase up to 12.1% of its stock through open market purchases. Share buyback plans are usually a sign that the company’s management believes its shares are undervalued.
Insider Transactions at International Flavors & Fragrances
In related news, EVP Michael Deveau sold 8,825 shares of International Flavors & Fragrances stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $85.55, for a total value of $754,978.75. Following the completion of the sale, the executive vice president owned 5,199 shares of the company’s stock, valued at $444,774.45. The trade was a 62.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider De Mendonca Ana Paula Teles sold 5,718 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $83.19, for a total value of $475,680.42. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,543 shares of company stock worth $1,315,659 in the last ninety days. Insiders own 1.07% of the company’s stock.
Institutional Investors Weigh In On International Flavors & Fragrances
Hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC boosted its holdings in shares of International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 274 shares during the last quarter. Parkside Financial Bank & Trust grew its position in International Flavors & Fragrances by 27.9% during the second quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company’s stock valued at $56,000 after buying an additional 154 shares during the period. Westpac Banking Corp purchased a new stake in International Flavors & Fragrances during the second quarter valued at approximately $91,000. Mather Group LLC. increased its holdings in International Flavors & Fragrances by 24.0% during the third quarter. Mather Group LLC. now owns 1,393 shares of the specialty chemicals company’s stock valued at $116,000 after buying an additional 270 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in International Flavors & Fragrances in the second quarter worth approximately $148,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.
International Flavors & Fragrances Company Profile
International Flavors & Fragrances Inc (NYSE:IFF) develops and manufactures ingredients, flavor systems, fragrances and specialty solutions used in consumer and industrial products. Its offerings support food and beverage manufacturers, fragrance and personal care companies, household-product makers, pharmaceutical businesses and other customers.
The company’s portfolio includes flavors for beverages, dairy products, sweet goods, savory foods and other applications; fragrances for fine fragrance, personal care and home care products; and functional ingredients, enzymes, cultures, natural extracts and other specialty materials.
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