Key Points
- Director Paul Fribourg bought 142,000 IFF shares on March 12 at an average price of $70.13 for about $9.96 million, increasing his stake 6.23% to 2,422,730 shares (≈$169.9M).
- IFF reported quarterly EPS of $0.80 (missing estimates by $0.05) with revenue of $2.59 billion (slightly above estimates) and a negative net margin of 3.2%, while revenue declined about 6.6% year-over-year.
- The company declared a $0.40 quarterly dividend (annualized $1.60, ~2.3% yield), and analysts hold a "Moderate Buy" consensus with a $90.09 average price target after several firms raised estimates into the $80–$100 range.
International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) Director Paul Fribourg bought 142,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average cost of $70.13 per share, with a total value of $9,958,460.00. Following the completion of the purchase, the director owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. This trade represents a 6.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
International Flavors & Fragrances Stock Performance
IFF opened at $70.08 on Tuesday. The company has a market capitalization of $17.90 billion, a price-to-earnings ratio of -51.15, a P/E/G ratio of 1.82 and a beta of 0.99. The business's 50-day moving average price is $74.58 and its two-hundred day moving average price is $68.22. International Flavors & Fragrances Inc. has a 1 year low of $59.14 and a 1 year high of $84.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.42 and a quick ratio of 0.85.
International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its earnings results on Wednesday, February 11th. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by ($0.05). The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion. International Flavors & Fragrances had a negative net margin of 3.20% and a positive return on equity of 7.67%. The firm's quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 EPS. Equities analysts expect that International Flavors & Fragrances Inc. will post 4.32 EPS for the current fiscal year.
International Flavors & Fragrances Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Friday, March 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.60 annualized dividend and a yield of 2.3%. International Flavors & Fragrances's payout ratio is -116.79%.
Analysts Set New Price Targets
Several research analysts have weighed in on IFF shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of International Flavors & Fragrances in a research report on Monday, December 29th. Argus boosted their price objective on shares of International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a "buy" rating in a research note on Thursday, January 22nd. Wells Fargo & Company upped their target price on shares of International Flavors & Fragrances from $85.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Citigroup lifted their price target on International Flavors & Fragrances from $83.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, February 13th. Finally, Barclays upped their price objective on International Flavors & Fragrances from $78.00 to $91.00 and gave the company an "overweight" rating in a research note on Friday, February 13th. Thirteen investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $90.09.
Check Out Our Latest Stock Analysis on International Flavors & Fragrances
Institutional Trading of International Flavors & Fragrances
Hedge funds and other institutional investors have recently bought and sold shares of the business. Lloyd Advisory Services LLC. acquired a new position in shares of International Flavors & Fragrances during the 4th quarter worth approximately $27,000. True Wealth Design LLC boosted its stake in shares of International Flavors & Fragrances by 896.4% in the third quarter. True Wealth Design LLC now owns 548 shares of the specialty chemicals company's stock valued at $34,000 after buying an additional 493 shares during the period. Elkhorn Partners Limited Partnership grew its position in International Flavors & Fragrances by 200.0% during the second quarter. Elkhorn Partners Limited Partnership now owns 600 shares of the specialty chemicals company's stock worth $44,000 after buying an additional 400 shares in the last quarter. Geneos Wealth Management Inc. grew its position in International Flavors & Fragrances by 55.7% during the first 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. Finally, CYBER HORNET ETFs LLC acquired a new position in International Flavors & Fragrances in the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 96.02% of the company's stock.
International Flavors & Fragrances Company Profile
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Get Free Report)
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.
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