International Flavors & Fragrances (NYSE:IFF) Reaches New 1-Year Low Following Analyst Downgrade

International Flavors & Fragrances Inc. (NYSE:IFF) shares hit a new 52-week low during trading on Monday after Morgan Stanley lowered their price target on the stock from $92.00 to $90.00. Morgan Stanley currently has an overweight rating on the stock. International Flavors & Fragrances traded as low as $62.30 and last traded at $62.21, with a volume of 1491467 shares traded. The stock had previously closed at $63.53.

Other research analysts also recently issued reports about the company. UBS Group lowered their price objective on International Flavors & Fragrances from $83.00 to $79.00 and set a “neutral” rating for the company in a research note on Wednesday, August 6th. Tigress Financial restated a “buy” rating and set a $105.00 price objective on shares of International Flavors & Fragrances in a research note on Tuesday, August 26th. Oppenheimer downgraded International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. BNP Paribas Exane lowered their price objective on International Flavors & Fragrances from $96.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, September 11th. Finally, Wolfe Research upgraded International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a research note on Monday, September 8th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and an average price target of $91.80.

Insiders Place Their Bets

In other news, Director Paul J. Fribourg acquired 15,450 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was acquired at an average price of $64.80 per share, for a total transaction of $1,001,160.00. Following the completion of the acquisition, the director directly owned 15,450 shares in the company, valued at $1,001,160. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO J Erik Fyrwald acquired 15,300 shares of the business’s stock in a transaction dated Thursday, August 7th. The stock was purchased at an average price of $64.95 per share, with a total value of $993,735.00. Following the acquisition, the chief executive officer owned 77,370 shares of the company’s stock, valued at approximately $5,025,181.50. This trade represents a 24.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently modified their holdings of IFF. Blue Trust Inc. increased its position in International Flavors & Fragrances by 7.6% in the 2nd quarter. Blue Trust Inc. now owns 2,184 shares of the specialty chemicals company’s stock worth $161,000 after purchasing an additional 155 shares during the last quarter. Horizon Investments LLC increased its position in International Flavors & Fragrances by 4.9% in the 1st quarter. Horizon Investments LLC now owns 3,671 shares of the specialty chemicals company’s stock worth $285,000 after purchasing an additional 172 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of International Flavors & Fragrances by 17.3% during the 2nd quarter. UMB Bank n.a. now owns 1,290 shares of the specialty chemicals company’s stock valued at $95,000 after acquiring an additional 190 shares during the last quarter. Eastern Bank increased its holdings in shares of International Flavors & Fragrances by 43.9% during the 2nd quarter. Eastern Bank now owns 633 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 193 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of International Flavors & Fragrances by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 69,515 shares of the specialty chemicals company’s stock valued at $5,113,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

International Flavors & Fragrances Stock Performance

The company has a current ratio of 1.86, a quick ratio of 1.12 and a debt-to-equity ratio of 0.39. The firm has a market cap of $15.98 billion, a price-to-earnings ratio of -40.22, a price-to-earnings-growth ratio of 2.70 and a beta of 1.07. The stock has a fifty day moving average price of $68.02 and a 200 day moving average price of $73.24.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.04. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. International Flavors & Fragrances has set its FY 2025 guidance at EPS. As a group, analysts predict that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.6%. International Flavors & Fragrances’s dividend payout ratio is currently -103.23%.

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.