International Flavors & Fragrances Inc. (IFF) To Go Ex-Dividend on December 20th

International Flavors & Fragrances Inc. (NYSE:IFF) declared a quarterly dividend on Wednesday, October 30th,Wall Street Journal reports. Investors of record on Friday, December 20th will be paid a dividend of 0.40 per share by the specialty chemicals company on Wednesday, January 8th. This represents a $1.60 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, December 20th.

International Flavors & Fragrances has increased its dividend by an average of 2.2% per year over the last three years. International Flavors & Fragrances has a payout ratio of 34.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect International Flavors & Fragrances to earn $4.44 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 36.0%.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $86.77 on Wednesday. The firm has a market capitalization of $22.19 billion, a PE ratio of -9.55, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The company has a current ratio of 2.62, a quick ratio of 1.93 and a debt-to-equity ratio of 0.58. International Flavors & Fragrances has a 12 month low of $72.94 and a 12 month high of $106.77. The business’s 50-day moving average price is $94.61 and its 200-day moving average price is $97.50.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46). International Flavors & Fragrances had a positive return on equity of 7.16% and a negative net margin of 20.33%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business posted $0.89 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. Sell-side analysts forecast that International Flavors & Fragrances will post 4.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on IFF shares. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Thursday, November 7th. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and increased their target price for the company from $109.00 to $120.00 in a report on Tuesday, September 3rd. UBS Group lifted their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Morgan Stanley raised International Flavors & Fragrances from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $111.00 to $110.00 in a research note on Tuesday, November 12th. Finally, Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price on the stock in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Moderate Buy” and an average price target of $111.00.

Insider Activity

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now owns 3,238 shares in the company, valued at approximately $297,086.50. This represents a 60.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.