International Flavors & Fragrances (NYSE:IFF) Given New $87.00 Price Target at Mizuho

International Flavors & Fragrances (NYSE:IFF) had its target price lowered by Mizuho from $95.00 to $87.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company reduced their target price on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Bank of America lowered their price objective on shares of 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. Cfra lowered International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a report on Thursday, February 20th. Barclays dropped their price target on shares of International Flavors & Fragrances from $82.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Argus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $95.69.

International Flavors & Fragrances Trading Up 3.2 %

IFF opened at $73.33 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 78.01, a P/E/G ratio of 1.45 and a beta of 1.21. The company has a 50-day simple moving average of $78.42 and a 200 day simple moving average of $86.68. International Flavors & Fragrances has a twelve month low of $65.85 and a twelve month high of $106.77.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.14. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Analysts predict that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 21st were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $1.60 dividend on an annualized basis and a yield of 2.18%. International Flavors & Fragrances’s payout ratio is 170.21%.

Insider Activity

In other International Flavors & Fragrances news, Director Kevin O’byrne bought 6,500 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the purchase, the director now directly owns 6,500 shares of the company’s stock, valued at $522,860. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds have recently bought and sold shares of the stock. Dodge & Cox lifted its position in International Flavors & Fragrances by 11.9% in the 4th quarter. Dodge & Cox now owns 31,437,763 shares of the specialty chemicals company’s stock worth $2,658,063,000 after buying an additional 3,355,381 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of International Flavors & Fragrances by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 30,218,759 shares of the specialty chemicals company’s stock valued at $2,554,996,000 after acquiring an additional 164,945 shares in the last quarter. Freemont Capital Pte Ltd purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter worth about $2,143,882,000. Geode Capital Management LLC boosted its position in International Flavors & Fragrances by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 6,166,778 shares of the specialty chemicals company’s stock valued at $520,032,000 after acquiring an additional 157,948 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of International Flavors & Fragrances by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 5,664,250 shares of the specialty chemicals company’s stock valued at $478,912,000 after purchasing an additional 1,663,629 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

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.