International Flavors & Fragrances (NYSE:IFF) Hits New 1-Year Low at $80.66

International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $80.66 and last traded at $80.70, with a volume of 298145 shares. The stock had previously closed at $83.03.

Wall Street Analysts Forecast Growth

IFF has been the subject of several research analyst reports. Credit Suisse Group reduced their price objective on International Flavors & Fragrances from $125.00 to $120.00 and set an “outperform” rating for the company in a research note on Thursday, February 9th. Barclays reduced their price objective on International Flavors & Fragrances from $81.00 to $75.00 in a research note on Thursday, May 11th. Bank of America raised International Flavors & Fragrances from an “underperform” rating to a “neutral” rating and reduced their price objective for the stock from $121.00 to $106.00 in a research note on Friday, February 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on International Flavors & Fragrances from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, February 10th. Finally, Robert W. Baird dropped their target price on International Flavors & Fragrances from $120.00 to $106.00 and set an “outperform” rating on the stock in a research report on Friday, February 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $114.13.

International Flavors & Fragrances Price Performance

The stock has a market cap of $19.96 billion, a price-to-earnings ratio of -9.52, a price-to-earnings-growth ratio of 4.46 and a beta of 1.08. The stock has a fifty day simple moving average of $89.91 and a 200-day simple moving average of $98.00. The company has a current ratio of 1.53, a quick ratio of 0.92 and a debt-to-equity ratio of 0.52.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last released its earnings results on Monday, May 8th. The specialty chemicals company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). International Flavors & Fragrances had a negative net margin of 17.12% and a positive return on equity of 6.64%. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $2.98 billion. During the same period last year, the business earned $1.69 EPS. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts expect that International Flavors & Fragrances Inc. will post 4.72 EPS for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd will be given a $0.81 dividend. The ex-dividend date is Thursday, June 22nd. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.14%. International Flavors & Fragrances’s dividend payout ratio is currently -39.42%.

Insider Buying and Selling

In related news, insider De Villeplee Christoph Fauchon sold 1,972 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $86.35, for a total transaction of $170,282.20. Following the completion of the transaction, the insider now owns 9,093 shares in the company, valued at approximately $785,180.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Flavors & Fragrances

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its stake in International Flavors & Fragrances by 59.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,772,700 shares of the specialty chemicals company’s stock worth $814,890,000 after purchasing an additional 2,890,737 shares in the last quarter. State Street Corp boosted its stake in International Flavors & Fragrances by 26.9% in the first quarter. State Street Corp now owns 13,374,991 shares of the specialty chemicals company’s stock worth $1,240,654,000 after purchasing an additional 2,835,689 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of International Flavors & Fragrances by 275.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,153,060 shares of the specialty chemicals company’s stock worth $225,727,000 after acquiring an additional 1,580,067 shares during the last quarter. Amundi raised its position in shares of International Flavors & Fragrances by 22.2% during the fourth quarter. Amundi now owns 6,578,549 shares of the specialty chemicals company’s stock worth $758,319,000 after acquiring an additional 1,197,020 shares during the last quarter. Finally, Norges Bank bought a new stake in International Flavors & Fragrances in the fourth quarter valued at about $108,968,000. Institutional investors own 88.86% of the company’s stock.

International Flavors & Fragrances Company Profile

(Get Rating)

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.