Published On: Tue, Sep 13th, 2016

International Flavors & Fragrances Inc. (IFF) Sees Unusually-High Trading Volume

International Flavors & Fragrances Inc. (NYSE:IFF) shares saw strong trading volume on Monday . 330,208 shares changed hands during trading, an increase of 8% from the previous session’s volume of 306,628 shares.The stock last traded at $134.04 and had previously closed at $134.75.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Gabelli lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Argus lifted their price objective on shares of International Flavors & Fragrances from $146.00 to $156.00 and gave the company a “buy” rating in a research note on Tuesday, August 16th. Deutsche Bank AG reiterated a “hold” rating and set a $130.00 price objective (up previously from $124.00) on shares of International Flavors & Fragrances in a research note on Sunday, July 24th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $153.00 price objective on shares of International Flavors & Fragrances in a research note on Sunday, August 14th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $141.55.
The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 25.83 and a beta of 0.99. The stock has a 50 day moving average price of $135.98 and a 200 day moving average price of $124.67.

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International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, August 8th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.07. The company had revenue of $793.48 million for the quarter, compared to the consensus estimate of $785.60 million. International Flavors & Fragrances had a return on equity of 26.66% and a net margin of 13.52%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. Equities research analysts expect that International Flavors & Fragrances Inc. will post $5.56 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Monday, September 26th will be issued a $0.64 dividend. This is an increase from International Flavors & Fragrances’s previous quarterly dividend of $0.56. The ex-dividend date is Thursday, September 22nd. This represents a $2.56 dividend on an annualized basis and a dividend yield of 1.90%. International Flavors & Fragrances’s dividend payout ratio is currently 43.66%.
In other news, insider Nicolas Mirzayantz sold 3,880 shares of the company’s stock in a transaction dated Thursday, June 16th. The stock was sold at an average price of $125.11, for a total value of $485,426.80. Following the transaction, the insider now owns 70,357 shares in the company, valued at approximately $8,802,364.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by insiders.
About International Flavors & Fragrances
International Flavors & Fragrances Inc (IFF) creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) for the food, beverage, personal care and household products industries either in the form of compounds or individual ingredients. The Company operates in two segments: Flavors and Fragrances.

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