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International Flavors & Fragrances’ (IFF) Hold Rating Reiterated at Deutsche Bank AG

International Flavors & Fragrances logoInternational Flavors & Fragrances Inc (NYSE:IFF)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank AG in a report issued on Wednesday. They currently have a $132.00 target price on the specialty chemicals company’s stock, up from their previous target price of $125.00. Deutsche Bank AG’s price target indicates a potential upside of 1.28% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Monday, May 1st. Vertical Group cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday. Vertical Research cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus lifted their price objective on shares of International Flavors & Fragrances from $123.00 to $127.00 and gave the stock a “hold” rating in a research report on Monday, March 27th. Finally, Evercore ISI started coverage on shares of International Flavors & Fragrances in a research report on Monday, February 13th. They set a “hold” rating and a $125.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. International Flavors & Fragrances currently has a consensus rating of “Hold” and an average target price of $139.08.

Analyst Recommendations for International Flavors & Fragrances (NYSE:IFF)

Shares of International Flavors & Fragrances (NYSE:IFF) traded up 1.05% during mid-day trading on Wednesday, hitting $130.33. 609,312 shares of the stock were exchanged. The company has a market capitalization of $10.31 billion, a PE ratio of 25.92 and a beta of 1.04. International Flavors & Fragrances has a 12-month low of $113.16 and a 12-month high of $143.64. The firm has a 50-day moving average price of $135.04 and a 200 day moving average price of $125.22.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.01. International Flavors & Fragrances had a net margin of 12.92% and a return on equity of 25.92%. The firm had revenue of $828.30 million during the quarter, compared to analysts’ expectations of $833.73 million. During the same period in the previous year, the business posted $1.45 earnings per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts expect that International Flavors & Fragrances will post $5.82 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Monday, June 26th will be issued a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, June 22nd. International Flavors & Fragrances’s dividend payout ratio is currently 51.82%.

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In other news, insider Nicolas Mirzayantz sold 2,946 shares of International Flavors & Fragrances stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $126.50, for a total transaction of $372,669.00. Following the completion of the sale, the insider now owns 57,271 shares of the company’s stock, valued at $7,244,781.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Winder Investment Pte Ltd bought 40,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were purchased at an average cost of $138.45 per share, with a total value of $5,538,000.00. Following the acquisition, the insider now directly owns 9,001,803 shares of the company’s stock, valued at approximately $1,246,299,625.35. The disclosure for this purchase can be found here. In the last three months, insiders have bought 1,094,163 shares of company stock valued at $142,627,337 and have sold 6,221 shares valued at $794,458. 0.55% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Profund Advisors LLC increased its position in International Flavors & Fragrances by 1.7% in the third quarter. Profund Advisors LLC now owns 9,205 shares of the specialty chemicals company’s stock worth $1,316,000 after buying an additional 155 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in International Flavors & Fragrances by 18.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 15,976 shares of the specialty chemicals company’s stock worth $2,284,000 after buying an additional 2,500 shares during the period. American International Group Inc. increased its position in International Flavors & Fragrances by 9.3% in the third quarter. American International Group Inc. now owns 32,070 shares of the specialty chemicals company’s stock worth $4,585,000 after buying an additional 2,718 shares during the period. Municipal Employees Retirement System of Michigan increased its position in International Flavors & Fragrances by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,520 shares of the specialty chemicals company’s stock worth $360,000 after buying an additional 10 shares during the period. Finally, PICTET BANK & TRUST Ltd increased its position in International Flavors & Fragrances by 24.0% in the third quarter. PICTET BANK & TRUST Ltd now owns 27,680 shares of the specialty chemicals company’s stock worth $3,957,000 after buying an additional 5,360 shares during the period. 77.76% of the stock is owned by institutional investors.

About International Flavors & Fragrances

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

5 Day Chart for NYSE:IFF

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