International Flavors & Fragrances Inc. (NYSE:IFF) Plans Quarterly Dividend of $0.40

International Flavors & Fragrances Inc. (NYSE:IFF) announced 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 is Friday, December 20th.

International Flavors & Fragrances has increased its dividend by an average of 2.2% annually 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 Trading Down 0.4 %

Shares of NYSE IFF opened at $86.77 on Wednesday. The firm’s 50 day moving average price is $94.61 and its 200-day moving average price is $97.50. International Flavors & Fragrances has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The company has a market cap of $22.19 billion, a PE ratio of -9.55, a P/E/G ratio of 1.55 and a beta of 1.17.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Vertical Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Thursday, November 7th. Stifel Nicolaus increased their price objective on shares of International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and set a $107.00 target price for the company in a research report on Friday, November 8th. Finally, Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

Insiders Place Their Bets

In other International Flavors & Fragrances news, insider Yuvraj Arora sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $91.75, for a total value of $458,750.00. Following the completion of the transaction, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. This represents a 60.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.