De Mendonca Ana Paula Teles Sells 5,718 Shares of International Flavors & Fragrances (NYSE:IFF) Stock

International Flavors & Fragrances Inc. (NYSE:IFF) insider De Mendonca Ana Paula Teles sold 5,718 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $83.19, for a total value of $475,680.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

International Flavors & Fragrances Trading Up 3.0%

IFF traded up $2.43 during trading on Wednesday, reaching $83.43. The company had a trading volume of 184,809 shares, compared to its average volume of 1,836,953. 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 business has a 50 day simple moving average of $79.15 and a 200-day simple moving average of $76.05. The stock has a market cap of $21.29 billion, a P/E ratio of 76.61, a PEG ratio of 3.13 and a beta of 0.93. International Flavors & Fragrances Inc. has a 52 week low of $59.14 and a 52 week high of $89.32.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.25). International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the company posted $1.15 EPS. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.06 EPS for the current fiscal year.

International Flavors & Fragrances announced that its board has authorized a share repurchase program on Tuesday, August 4th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the specialty chemicals company to buy up to 12.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 18th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.9%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 146.79%.

Wall Street Analyst Weigh In

IFF has been the topic of a number of research analyst reports. Berenberg Bank upped their price target on shares of International Flavors & Fragrances from $83.00 to $84.80 and gave the stock a “hold” rating in a report on Thursday, May 7th. Vertical Research lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and set a $93.00 price objective for the company. in a report on Thursday, August 6th. Barclays upped their target price on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Jefferies Financial Group raised their target price on shares of International Flavors & Fragrances from $97.00 to $105.00 in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price target on International Flavors & Fragrances from $90.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $92.16.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IFF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of International Flavors & Fragrances by 5.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock worth $2,042,000 after buying an additional 1,335 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of International Flavors & Fragrances by 15.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after buying an additional 539 shares during the last quarter. Empowered Funds LLC raised its holdings in International Flavors & Fragrances by 71.5% in the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock valued at $811,000 after buying an additional 4,358 shares during the period. Focus Partners Wealth lifted its stake in International Flavors & Fragrances by 25.5% during the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock worth $584,000 after acquiring an additional 1,530 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in International Flavors & Fragrances by 55.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 210 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.