Mizuho Cuts International Flavors & Fragrances (NYSE:IFF) Price Target to $87.00

International Flavors & Fragrances (NYSE:IFF) had its target price decreased by Mizuho from $95.00 to $87.00 in a research note issued to investors on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the specialty chemicals company’s stock.

A number of other research firms also recently weighed in on IFF. Citigroup cut their price target on International Flavors & Fragrances from $99.00 to $84.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Bank of America lowered their price target on 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. JPMorgan Chase & Co. cut their target price on shares of International Flavors & Fragrances from $107.00 to $104.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Morgan Stanley lowered their price objective on International Flavors & Fragrances from $106.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, April 10th. Finally, Wells Fargo & Company dropped their price target on shares of International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and an average price target of $95.69.

International Flavors & Fragrances Trading Up 3.2 %

Shares of NYSE:IFF opened at $73.33 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.93 and a current ratio of 1.84. International Flavors & Fragrances has a 1-year low of $65.85 and a 1-year high of $106.77. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 78.01, a PEG ratio of 1.45 and a beta of 1.21. The company has a 50 day moving average price of $78.42 and a 200 day moving average price of $86.68.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results 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 company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, research analysts anticipate that International Flavors & Fragrances will post 4.32 EPS for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, March 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 170.21%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O’byrne bought 6,500 shares of the stock in a transaction on Wednesday, March 5th. The stock was purchased at an average price of $80.44 per share, with a total value of $522,860.00. Following the acquisition, the director now owns 6,500 shares of the company’s stock, valued at approximately $522,860. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds have recently added to or reduced their stakes in IFF. Wilmington Savings Fund Society FSB acquired a new stake in International Flavors & Fragrances during the 3rd quarter worth $406,000. Tidal Investments LLC grew its holdings in shares of International Flavors & Fragrances by 9.3% in the 3rd quarter. Tidal Investments LLC now owns 8,809 shares of the specialty chemicals company’s stock valued at $924,000 after acquiring an additional 750 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of International Flavors & Fragrances by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 470,676 shares of the specialty chemicals company’s stock worth $49,388,000 after purchasing an additional 9,555 shares during the last quarter. Versant Capital Management Inc raised its position in International Flavors & Fragrances by 46.8% during the fourth quarter. Versant Capital Management Inc now owns 1,041 shares of the specialty chemicals company’s stock worth $88,000 after acquiring an additional 332 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in International Flavors & Fragrances by 8.2% in the 4th quarter. Central Pacific Bank Trust Division now owns 10,600 shares of the specialty chemicals company’s stock valued at $896,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds 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.