International Flavors & Fragrances (NYSE:IFF) Price Target Increased to $103.00 by Analysts at Morgan Stanley

International Flavors & Fragrances (NYSE:IFF) had its price target raised by Morgan Stanley from $100.00 to $103.00 in a research report sent to investors on Wednesday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the specialty chemicals company’s stock.

A number of other brokerages also recently commented on IFF. Barclays boosted their price objective on International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an equal weight rating in a research report on Wednesday, May 8th. Citigroup upped their price target on International Flavors & Fragrances from $100.00 to $108.00 and gave the company a buy rating in a report on Wednesday, May 8th. Argus downgraded International Flavors & Fragrances from a buy rating to a hold rating in a report on Friday, March 8th. Robert W. Baird upped their price target on International Flavors & Fragrances from $100.00 to $110.00 and gave the company an outperform rating in a report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the company a buy rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $95.78.

International Flavors & Fragrances Stock Performance

Shares of IFF opened at $94.94 on Wednesday. International Flavors & Fragrances has a 1 year low of $62.11 and a 1 year high of $99.91. The stock has a market capitalization of $24.24 billion, a PE ratio of -9.72, a PEG ratio of 1.88 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. The stock has a 50-day simple moving average of $94.59 and a 200-day simple moving average of $85.92.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.27. International Flavors & Fragrances had a positive return on equity of 5.78% and a negative net margin of 22.01%. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts predict that International Flavors & Fragrances will post 3.97 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -16.38%.

Insider Transactions at International Flavors & Fragrances

In other news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the completion of the sale, the insider now owns 8,539 shares in the company, valued at $816,840.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Van ECK Associates Corp raised its position in International Flavors & Fragrances by 7.8% in the first quarter. Van ECK Associates Corp now owns 4,778,678 shares of the specialty chemicals company’s stock worth $410,919,000 after acquiring an additional 344,377 shares in the last quarter. First Pacific Advisors LP raised its position in International Flavors & Fragrances by 2.2% in the fourth quarter. First Pacific Advisors LP now owns 3,980,310 shares of the specialty chemicals company’s stock worth $322,286,000 after acquiring an additional 87,183 shares in the last quarter. Capital International Investors raised its position in International Flavors & Fragrances by 1.4% in the fourth quarter. Capital International Investors now owns 2,375,699 shares of the specialty chemicals company’s stock worth $192,360,000 after acquiring an additional 33,548 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in International Flavors & Fragrances by 9.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock valued at $163,003,000 after purchasing an additional 162,179 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in International Flavors & Fragrances by 3.7% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 1,455,140 shares of the specialty chemicals company’s stock valued at $117,823,000 after purchasing an additional 52,584 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, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.