International Flavors & Fragrances (IFF) Rating Lowered to Underweight at JPMorgan Chase

JPMorgan Chase cut shares of International Flavors & Fragrances (NYSE:IFF) from a neutral rating to an underweight rating in a research note published on Monday, MarketBeat reports.

IFF has been the topic of a number of other research reports. Barclays set a $131.00 target price on shares of International Flavors & Fragrances and gave the company a sell rating in a research report on Thursday, March 15th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a hold rating to a buy rating and set a $159.00 target price on the stock in a research report on Wednesday, April 18th. Deutsche Bank cut their target price on shares of International Flavors & Fragrances from $150.00 to $147.00 and set a hold rating on the stock in a research report on Thursday, February 15th. KeyCorp cut their target price on shares of International Flavors & Fragrances from $162.00 to $156.00 and set an overweight rating on the stock in a research report on Friday, February 16th. Finally, Evercore ISI upgraded shares of International Flavors & Fragrances from an in-line rating to an outperform rating in a research report on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $147.56.

Shares of International Flavors & Fragrances opened at $125.07 on Monday, MarketBeat reports. The company has a market capitalization of $9.79 billion, a P/E ratio of 21.23, a PEG ratio of 2.21 and a beta of 1.12. The company has a current ratio of 2.75, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94. International Flavors & Fragrances has a 1 year low of $123.22 and a 1 year high of $125.00.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, May 7th. The specialty chemicals company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.10. International Flavors & Fragrances had a net margin of 8.83% and a return on equity of 27.89%. The business had revenue of $930.93 million for the quarter, compared to analysts’ expectations of $911.57 million. During the same period last year, the firm posted $1.52 earnings per share. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. equities analysts predict that International Flavors & Fragrances will post 6.24 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 6th. Stockholders of record on Monday, June 25th will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Friday, June 22nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.21%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.86%.

In other news, EVP Anne Chwat sold 3,000 shares of International Flavors & Fragrances stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $125.90, for a total transaction of $377,700.00. Following the transaction, the executive vice president now owns 34,561 shares in the company, valued at $4,351,229.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Winder Investment Pte Ltd purchased 50,000 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were acquired at an average price of $134.17 per share, for a total transaction of $6,708,500.00. Following the acquisition, the insider now owns 10,470,193 shares of the company’s stock, valued at approximately $1,404,785,794.81. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 780,727 shares of company stock worth $101,953,411. 0.48% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of IFF. Tiverton Asset Management LLC lifted its holdings in shares of International Flavors & Fragrances by 51.4% during the first quarter. Tiverton Asset Management LLC now owns 1,214 shares of the specialty chemicals company’s stock worth $166,000 after purchasing an additional 412 shares during the period. Baldwin Brothers Inc. MA acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth $188,000. SeaCrest Wealth Management LLC acquired a new position in shares of International Flavors & Fragrances during the fourth quarter worth $190,000. Vontobel Swiss Wealth Advisors AG acquired a new position in shares of International Flavors & Fragrances during the first quarter worth $224,000. Finally, Claraphi Advisory Network LLC acquired a new position in shares of International Flavors & Fragrances during the first quarter worth $237,000. Institutional investors own 84.03% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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

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