Several institutional investors have recently adjusted their stakes in International Flavors & Fragrances (IFF). Riverview Trust Co bought new shares worth around $27,000 in the first quarter. Quent Capital increased its holdings by 183.2%, now owning 371 shares valued at $32,000. Family Firm Inc. invested $38,000 in the second quarter, and MCF Advisors boosted its stake by an impressive 1,856%, now owning 489 shares worth $47,000. Future Financial Wealth Management also acquired $52,000 in shares during the third quarter. In total, institutional investors own 96.02% of IFF’s stock.
Wall Street Analyst Insights
Analysts have been reviewing IFF stocks. Stifel Nicolaus upgraded the stock from “hold” to “buy” with a new target of $115. JPMorgan raised their target from $102 to $110 with an “overweight” rating. Wells Fargo increased its price target from $110 to $115, while Oppenheimer raised its target from $116 to $117 with an “outperform” rating. UBS Group lowered their target from $107 to $103, maintaining a “neutral” rating. Overall, one analyst rates it as a sell, six as hold, and nine as buy, resulting in an average rating of “Moderate Buy” with a target price of $107.43.
Check Out Our Latest Stock Analysis on International Flavors & Fragrances
Stock Performance
IFF opened at $104.50. Its 50-day moving average is $102.31, and 200-day is $96.64. IFF has a market cap of $26.68 billion, with a 12-month low of $63.21 and a high of $106.77. The company reported $1.16 EPS last quarter, surpassing expectations of $1.01, and has revenue of $2.89 billion despite a 1.4% decrease year-over-year.
Dividend Announcement
Iff declared a quarterly dividend of $0.40 per share, paid on October 9, translating to an annual yield of 1.53%. The ex-dividend date was September 20. The current dividend payout ratio is -16.38%.
Company Profile
International Flavors & Fragrances Inc. produces and sells cosmetic and health ingredients globally, operating in four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.
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