International Flavors & Fragrances Inc. (NYSE:IFF) Director Buys $522,860.00 in Stock

International Flavors & Fragrances Inc. (NYSE:IFF) Director Kevin O’byrne bought 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now owns 6,500 shares in the company, valued at $522,860. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

International Flavors & Fragrances Trading Up 0.7 %

NYSE IFF opened at $82.60 on Friday. The stock has a market capitalization of $21.12 billion, a price-to-earnings ratio of 87.88, a PEG ratio of 1.45 and a beta of 1.21. International Flavors & Fragrances Inc. has a one year low of $78.54 and a one year high of $106.77. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.84 and a quick ratio of 1.93. The business’s fifty day moving average is $83.84 and its 200-day moving average is $92.47.

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

International Flavors & Fragrances Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, March 21st. International Flavors & Fragrances’s payout ratio is 170.21%.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IFF. Farther Finance Advisors LLC raised its stake in International Flavors & Fragrances by 15.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,155 shares of the specialty chemicals company’s stock valued at $121,000 after acquiring an additional 156 shares during the period. Janney Montgomery Scott LLC bought a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $2,292,000. Forum Financial Management LP bought a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $258,000. National Pension Service raised its stake in International Flavors & Fragrances by 9.8% in the 3rd quarter. National Pension Service now owns 371,859 shares of the specialty chemicals company’s stock valued at $39,019,000 after acquiring an additional 33,172 shares during the period. Finally, QRG Capital Management Inc. raised its stake in International Flavors & Fragrances by 36.9% in the 3rd quarter. QRG Capital Management Inc. now owns 4,389 shares of the specialty chemicals company’s stock valued at $461,000 after acquiring an additional 1,183 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IFF. Oppenheimer cut their target price on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Argus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price target on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price target on International Flavors & Fragrances from $115.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Finally, Citigroup lowered their price target on International Flavors & Fragrances from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average target price of $103.50.

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.