International Flavors & Fragrances Inc. (NYSE:IFF) CAO Beril Yildiz Sells 2,400 Shares

International Flavors & Fragrances Inc. (NYSE:IFF) CAO Beril Yildiz sold 2,400 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $77.33, for a total value of $185,592.00. Following the transaction, the chief accounting officer now directly owns 3,321 shares in the company, valued at approximately $256,812.93. This represents a 41.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

International Flavors & Fragrances Trading Down 0.6%

Shares of NYSE:IFF traded down $0.44 on Monday, hitting $77.28. The company had a trading volume of 1,064,741 shares, compared to its average volume of 1,520,544. The firm’s 50-day simple moving average is $75.89 and its two-hundred day simple moving average is $82.55. The firm has a market capitalization of $19.77 billion, a price-to-earnings ratio of 82.21, a P/E/G ratio of 1.45 and a beta of 1.08. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. International Flavors & Fragrances Inc. has a 1 year low of $65.85 and a 1 year high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the business earned $1.13 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Friday, June 20th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 annualized dividend and a dividend yield of 2.07%. International Flavors & Fragrances’s payout ratio is -48.93%.

Wall Street Analysts Forecast Growth

IFF has been the topic of a number of recent research reports. Stifel Nicolaus reduced their price target on shares of International Flavors & Fragrances from $105.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Citigroup boosted their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Robert W. Baird decreased their price objective on International Flavors & Fragrances from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Bank of America dropped their target price on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $92.54.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the 4th quarter worth approximately $32,000. Fairway Wealth LLC purchased a new position in International Flavors & Fragrances during the fourth quarter valued at $34,000. Banque Transatlantique SA bought a new stake in International Flavors & Fragrances in the first quarter worth $32,000. Rialto Wealth Management LLC purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter worth $42,000. Finally, Zions Bancorporation National Association UT purchased a new position in shares of International Flavors & Fragrances in the 1st quarter worth about $42,000. 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.