Wells Fargo & Company Raises International Flavors & Fragrances (NYSE:IFF) Price Target to $115.00

International Flavors & Fragrances (NYSE:IFF) had its price objective boosted by Wells Fargo & Company from $110.00 to $115.00 in a report issued on Thursday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the specialty chemicals company’s stock.

Several other analysts also recently issued reports on IFF. Oppenheimer began coverage on International Flavors & Fragrances in a report on Friday, June 7th. They issued an outperform rating and a $116.00 price target on the stock. Mizuho boosted their target price on International Flavors & Fragrances from $91.00 to $98.00 and gave the company a neutral rating in a research note on Tuesday, May 7th. UBS Group raised their price target on shares of International Flavors & Fragrances from $100.00 to $107.00 and gave the stock a neutral rating in a research note on Wednesday. JPMorgan Chase & Co. raised shares of International Flavors & Fragrances from a neutral rating to an overweight rating and boosted their price objective for the stock from $75.00 to $100.00 in a research report on Wednesday, May 8th. Finally, Barclays raised their target price on shares of International Flavors & Fragrances from $82.00 to $93.00 and gave the company an equal weight rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $102.07.

International Flavors & Fragrances Trading Up 0.7 %

NYSE:IFF traded up $0.66 during mid-day trading on Thursday, hitting $96.21. The company had a trading volume of 1,583,185 shares, compared to its average volume of 1,851,973. The firm has a market cap of $24.57 billion, a P/E ratio of -9.85, a P/E/G ratio of 1.95 and a beta of 1.26. International Flavors & Fragrances has a fifty-two week low of $62.11 and a fifty-two week high of $101.89. The business’s fifty day moving average is $96.64 and its two-hundred day moving average is $89.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The business’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, research analysts expect that International Flavors & Fragrances will post 3.98 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. International Flavors & Fragrances’s dividend payout ratio is currently -16.38%.

Insider Buying and Selling

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total value of $247,568.08. Following the transaction, the insider now directly owns 8,539 shares in the company, valued at $816,840.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

Several institutional investors and hedge funds have recently bought and sold shares of IFF. Riverview Trust Co bought a new stake in shares of International Flavors & Fragrances during the 1st quarter valued at approximately $27,000. Quent Capital LLC grew its stake in shares of International Flavors & Fragrances by 183.2% during the first quarter. Quent Capital LLC now owns 371 shares of the specialty chemicals company’s stock worth $32,000 after buying an additional 240 shares during the last quarter. Family Firm Inc. acquired a new position in shares of International Flavors & Fragrances during the second quarter worth $38,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $41,000. Finally, Principal Securities Inc. acquired a new stake in shares of International Flavors & Fragrances during the 4th quarter valued at $43,000. 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.