Mehmood Khan Buys 4,000 Shares of International Flavors & Fragrances Inc. (NYSE:IFF) Stock

International Flavors & Fragrances Inc. (NYSE:IFF) Director Mehmood Khan purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average price of $75.33 per share, for a total transaction of $301,320.00. Following the transaction, the director now directly owns 4,604 shares of the company’s stock, valued at $346,819.32. This trade represents a 662.25% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

International Flavors & Fragrances Stock Performance

Shares of IFF stock opened at $77.68 on Friday. The business’s 50-day moving average price is $75.89 and its 200-day moving average price is $82.79. International Flavors & Fragrances Inc. has a 12 month low of $65.85 and a 12 month high of $106.77. The firm has a market capitalization of $19.87 billion, a price-to-earnings ratio of 82.64, a PEG ratio of 1.45 and a beta of 1.08. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. International Flavors & Fragrances had a return on equity of 7.72% and a net margin of 2.12%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period last year, the firm posted $1.13 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts forecast that International Flavors & Fragrances Inc. will post 4.32 EPS for the current year.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Stockholders of record on Friday, June 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -48.93%.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. raised its position in shares of International Flavors & Fragrances by 8.9% during 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 during the last quarter. Truist Financial Corp raised its position in shares of International Flavors & Fragrances by 0.7% during the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock worth $1,683,000 after acquiring an additional 129 shares during the last quarter. Wahed Invest LLC raised its position in shares of International Flavors & Fragrances by 2.1% during the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock worth $536,000 after acquiring an additional 130 shares during the last quarter. United Community Bank raised its position in shares of International Flavors & Fragrances by 19.4% during the fourth quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after acquiring an additional 150 shares during the last quarter. Finally, Commerce Bank raised its position in shares of International Flavors & Fragrances by 3.8% during the fourth quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company’s stock worth $350,000 after acquiring an additional 152 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Cfra cut International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $77.00 price target on the stock. in a research report on Thursday, February 20th. Barclays upgraded International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $76.00 to $84.00 in a research report on Thursday, May 8th. Morgan Stanley reduced their price objective on International Flavors & Fragrances from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Tuesday. Mizuho reduced their price objective on International Flavors & Fragrances from $95.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and a consensus target price of $92.54.

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.