International Flavors & Fragrances (NYSE:IFF) Price Target Lowered to $100.00 at Morgan Stanley

International Flavors & Fragrances (NYSE:IFF) had its price objective decreased by Morgan Stanley from $106.00 to $100.00 in a research note released on Thursday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the specialty chemicals company’s stock.

IFF has been the subject of several other reports. Barclays reduced their target price on International Flavors & Fragrances from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Argus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Wells Fargo & Company cut their price objective on International Flavors & Fragrances from $105.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday. Oppenheimer decreased their price target on International Flavors & Fragrances from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Bank of America cut their price objective on International Flavors & Fragrances from $105.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.69.

International Flavors & Fragrances Trading Down 2.3 %

Shares of NYSE IFF opened at $71.26 on Thursday. International Flavors & Fragrances has a one year low of $65.85 and a one year high of $106.77. The company has a current ratio of 1.84, a quick ratio of 1.93 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $18.22 billion, a PE ratio of 75.80, a PEG ratio of 1.45 and a beta of 1.21. The business has a 50-day moving average price of $79.66 and a two-hundred day moving average price of $87.66.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, February 18th. The specialty chemicals company reported $0.97 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, analysts predict that International Flavors & Fragrances will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Friday, March 21st will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.60 annualized dividend and a yield of 2.25%. International Flavors & Fragrances’s dividend payout ratio is currently 170.21%.

Insiders Place Their Bets

In other news, Director Kevin O’byrne purchased 6,500 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were bought at an average cost of $80.44 per share, for a total transaction of $522,860.00. Following the completion of the acquisition, the director now directly owns 6,500 shares in the company, valued at approximately $522,860. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of International Flavors & Fragrances by 8.9% during the 4th quarter. UMB Bank n.a. now owns 1,458 shares of the specialty chemicals company’s stock worth $123,000 after acquiring an additional 119 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in International Flavors & Fragrances by 4.2% during the third quarter. Arete Wealth Advisors LLC now owns 3,061 shares of the specialty chemicals company’s stock worth $321,000 after purchasing an additional 124 shares during the last quarter. Truist Financial Corp grew its position in International Flavors & Fragrances by 0.7% in the fourth quarter. Truist Financial Corp now owns 19,908 shares of the specialty chemicals company’s stock valued at $1,683,000 after purchasing an additional 129 shares in the last quarter. Wahed Invest LLC increased its stake in International Flavors & Fragrances by 2.1% in the 4th quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company’s stock valued at $536,000 after buying an additional 130 shares during the last quarter. Finally, United Community Bank lifted its position in International Flavors & Fragrances by 19.4% during the 4th quarter. United Community Bank now owns 925 shares of the specialty chemicals company’s stock worth $78,000 after buying an additional 150 shares in 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.