Key Points
- IFF EVP Michael Deveau sold 8,825 shares at an average price of $85.55, reducing his direct ownership by 62.93% to 5,199 shares.
- IFF’s latest quarterly results missed expectations, with EPS of $0.82 versus $1.07 expected and revenue of $1.95 billion versus $2.62 billion forecast.
- The company authorized a $2.5 billion share-repurchase program and maintained a $0.40 quarterly dividend, while analysts collectively rate the stock “Moderate Buy” with a $92.16 consensus price target.
International Flavors & Fragrances Inc. (NYSE:IFF - Get Free Report) EVP Michael Deveau sold 8,825 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $85.55, for a total value of $754,978.75. Following the transaction, the executive vice president directly owned 5,199 shares in the company, valued at approximately $444,774.45. The trade was a 62.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
International Flavors & Fragrances Trading Up 1.5%
International Flavors & Fragrances stock opened at $85.80 on Friday. International Flavors & Fragrances Inc. has a 12-month low of $59.14 and a 12-month high of $89.32. The firm has a market capitalization of $21.89 billion, a price-to-earnings ratio of 78.72, a P/E/G ratio of 2.50 and a beta of 0.93. The firm has a 50 day moving average of $77.77 and a 200 day moving average of $75.47. The company has a current ratio of 2.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.34.
International Flavors & Fragrances (NYSE:IFF - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.25). The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $2.62 billion. International Flavors & Fragrances had a net margin of 2.78% and a return on equity of 7.11%. International Flavors & Fragrances's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.15 EPS. As a group, research analysts predict that International Flavors & Fragrances Inc. will post 3.85 earnings per share for the current year.
International Flavors & Fragrances Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Friday, September 18th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, September 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.9%. International Flavors & Fragrances's payout ratio is 146.79%.
International Flavors & Fragrances declared that its Board of Directors has authorized a stock repurchase program on Tuesday, August 4th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the specialty chemicals company to buy up to 12.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on IFF. Morgan Stanley boosted their price objective on International Flavors & Fragrances from $93.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, July 1st. BNP Paribas Exane increased their target price on International Flavors & Fragrances from $85.00 to $95.00 in a research report on Thursday, May 7th. Weiss Ratings reissued a "hold (c)" rating on shares of International Flavors & Fragrances in a research note on Monday. Benchmark upped their price target on International Flavors & Fragrances from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Oppenheimer increased their price objective on shares of International Flavors & Fragrances from $88.00 to $90.00 and gave the company an "outperform" rating in a report on Thursday, May 7th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.16.
Get Our Latest Research Report on IFF
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lloyd Advisory Services LLC. bought a new stake in shares of International Flavors & Fragrances in the fourth quarter worth about $27,000. Root Financial Partners LLC lifted its position in shares of International Flavors & Fragrances by 97.9% in the first quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company's stock worth $40,000 after buying an additional 274 shares in the last quarter. Geneos Wealth Management Inc. grew 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 valued at $46,000 after buying an additional 210 shares in the last quarter. Transamerica Financial Advisors LLC grew its holdings in International Flavors & Fragrances by 884.1% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 679 shares of the specialty chemicals company's stock valued at $50,000 after buying an additional 610 shares in the last quarter. Finally, EFG International AG bought a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $73,000. Institutional investors own 96.02% of the company's stock.
Trending Headlines about International Flavors & Fragrances
Here are the key news stories impacting International Flavors & Fragrances this week:
- Positive Sentiment: Barclays raised its price target from $90 to $96 and upgraded its stance to “overweight,” implying approximately 12% upside from the reference price. The move signals improving confidence in IFF’s earnings outlook and restructuring efforts. Benzinga analyst update
- Positive Sentiment: Benchmark increased its target from $100 to $105 and maintained a “buy” rating, representing roughly 22% potential upside. This is the most bullish valuation among the recent analyst actions. Benzinga analyst update
- Positive Sentiment: IFF plans to repurchase up to $2.5 billion of its shares, which could support per-share earnings and signal that management views the stock as attractively valued. IFF share buyback report
- Neutral Sentiment: UBS raised its price target from $84 to $91 but retained a “neutral” rating. The higher valuation provides modest upside, while the unchanged rating suggests the firm sees balanced potential and risks. Benzinga analyst update
- Negative Sentiment: Vertical Research downgraded IFF from “buy” to “hold,” despite assigning a $93 price target. The downgrade may limit enthusiasm because it reflects less conviction in near-term upside. Finviz analyst update
- Negative Sentiment: Second-quarter results were mixed to weak: adjusted earnings per share came in at $0.82 versus the $1.07 consensus, while revenue of $1.95 billion missed estimates of $2.62 billion. IFF also lowered its full-year sales outlook, overshadowing modest year-over-year revenue growth. International Flavors Q2 earnings snapshot
About International Flavors & Fragrances
(
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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