News coverage about Internationa Flavors & Fragrances (NYSE:IFF) has trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Internationa Flavors & Fragrances earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the specialty chemicals company an impact score of 45.788525557091 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Here's Why You Should Hold on to International Flavors (IFF) (finance.yahoo.com)
- International Flavors & Fragrances: Is The Juice Worth The Squeeze? (seekingalpha.com)
- 6 of the Week’s Largest Insider Trades – Nasdaq (nasdaq.com)
- Brokerages Expect Internationa Flavors & Fragrances, Inc. (IFF) to Announce $1.42 EPS (americanbankingnews.com)
Internationa Flavors & Fragrances (IFF) traded up 0.08% during midday trading on Friday, hitting $143.78. 394,296 shares of the company traded hands. The stock has a 50 day moving average price of $137.31 and a 200-day moving average price of $134.66. The company has a market cap of $11.36 billion, a PE ratio of 29.01 and a beta of 1.09. Internationa Flavors & Fragrances has a 12-month low of $113.16 and a 12-month high of $144.13.
Internationa Flavors & Fragrances (NYSE:IFF) last released its earnings results on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.05. Internationa Flavors & Fragrances had a return on equity of 26.83% and a net margin of 12.31%. The company had revenue of $842.86 million for the quarter, compared to analysts’ expectations of $845.89 million. During the same quarter in the previous year, the business posted $1.47 EPS. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts expect that Internationa Flavors & Fragrances will post $5.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 1.92%. The ex-dividend date is Friday, September 22nd. This is a boost from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s payout ratio is 51.72%.
IFF has been the topic of a number of research reports. KeyCorp reissued a “buy” rating and issued a $148.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Thursday, August 24th. Raymond James Financial, Inc. initiated coverage on shares of Internationa Flavors & Fragrances in a research note on Friday, July 7th. They issued a “market perform” rating on the stock. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a research note on Monday, July 24th. Stifel Nicolaus reissued a “hold” rating and issued a $136.00 price objective on shares of Internationa Flavors & Fragrances in a research note on Friday, July 21st. Finally, BidaskClub cut shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $138.91.
In other news, major shareholder Winder Investment Pte Ltd purchased 700 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was acquired at an average price of $139.32 per share, with a total value of $97,524.00. Following the purchase, the insider now owns 10,420,193 shares in the company, valued at approximately $1,451,741,288.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Francisco Fortanet sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $134.36, for a total value of $40,308.00. Following the completion of the sale, the executive vice president now directly owns 19,994 shares of the company’s stock, valued at approximately $2,686,393.84. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 1,269,400 shares of company stock worth $170,403,273 and have sold 5,766 shares worth $786,086. Insiders own 0.48% of the company’s stock.
About Internationa Flavors & Fragrances
International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.
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