International Flavors & Fragrances (NYSE:IFF) Given New $100.00 Price Target at Morgan Stanley

International Flavors & Fragrances (NYSE:IFF) had its price objective lowered by Morgan Stanley from $106.00 to $100.00 in a report released on Thursday,Benzinga reports. The firm currently has an overweight rating on the specialty chemicals company’s stock.

Several other equities research analysts have also commented on the company. Barclays cut their price objective on International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Oppenheimer reduced their target price on shares of 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 raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Bank of America dropped their price objective on shares of International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, Cfra downgraded shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 target price for the company. in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $98.69.

International Flavors & Fragrances Stock Down 2.3 %

IFF opened at $71.26 on Thursday. International Flavors & Fragrances has a twelve month low of $65.85 and a twelve month high of $106.77. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 75.80, a PEG ratio of 1.45 and a beta of 1.21. The company has a quick ratio of 1.93, a current ratio of 1.84 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average price of $79.66 and a 200-day moving average price of $87.66.

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

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a dividend yield of 2.25%. International Flavors & Fragrances’s payout ratio is currently 170.21%.

Insider Buying and Selling

In other news, Director Kevin O’byrne bought 6,500 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $80.44 per share, for a total transaction of $522,860.00. Following the acquisition, the director now owns 6,500 shares of the company’s stock, valued at $522,860. This trade 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. 0.17% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IFF. UMB Bank n.a. increased its position in shares of International Flavors & Fragrances by 8.9% in the fourth quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after acquiring an additional 119 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in International Flavors & Fragrances by 4.2% in the 3rd quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after acquiring an additional 124 shares during the period. Truist Financial Corp grew its holdings in International Flavors & Fragrances by 0.7% during the 4th quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after purchasing an additional 129 shares in the last quarter. Wahed Invest LLC boosted its position in International Flavors & Fragrances by 2.1% in the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock valued at $536,000 after buying an additional 130 shares during the last quarter. Finally, United Community Bank increased its holdings in International Flavors & Fragrances by 19.4% during the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

About International Flavors & Fragrances

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.