Stock traders buy large volume of call options on international flavors and fragrances (NYSE: IFF)
International Flavors & Fragrances Inc. (NYSE: IFF) was the target of unusual option trades on Friday. Stock traders bought 33,867 call options on the company. This represents an increase of approximately 2,422% over the average daily volume of 1,343 call options.
A number of equity research analysts recently commented on the company. Mizuho raised its price target on International Flavors & Fragrances from $ 154.00 to $ 156.00 and gave the company a “neutral” rating in a report released on Wednesday, November 10. JPMorgan Chase & Co. raised its price target for international flavors and fragrances from $ 163.00 to $ 165.00 and rated the stock “overweight” in a report released on Wednesday, November 10. Deutsche Bank Aktiengesellschaft raised its price target for international flavors and fragrances from $ 162.00 to $ 170.00 and gave the stock a “buy” rating in a report released on Friday, November 12. UBS Group lowered its price target for international flavors and fragrances from $ 187.00 to $ 185.00 and set a “buy” rating for the company in a report released Tuesday. Finally, Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “keep” rating and set a price target of $ 154.00 for the company in a report released on Tuesday, December 14. Four investment analysts gave the stock a conservation rating and nine gave the company a buy rating. According to MarketBeat data, the stock has a consensus rating of “Buy” and an average price target of $ 156.84.
IFF shares traded down $ 1.85 during the mid-day Friday session, reaching $ 141.97. The company’s shares had a trading volume of 1,601,863 shares, compared to its average volume of 1,287,113. International Flavors & Fragrances has a one-year low at $ 109.54 and a one-year high. at $ 157.08. The stock has a market cap of $ 36.14 billion, a P / E ratio of 115.42, a PEG ratio of 3.33 and a beta of 1.03. The company has a 50-day simple moving average of $ 146.46 and a two-hundred-day simple moving average of $ 146.41. The company has a current ratio of 1.99, a quick ratio of 1.32, and a debt ratio of 0.50.
International Flavors & Fragrances (NYSE: IFF) last released its quarterly earnings data on Monday, November 8. The specialty chemicals company reported earnings per share (EPS) of $ 1.47 for the quarter, beating Zacks’ consensus estimate of $ 1.39 by $ 0.08. International Flavors & Fragrances recorded a return on equity of 6.96% and a net margin of 2.50%. The company posted revenue of $ 3.07 billion in the quarter, compared to $ 3.02 billion expected by analysts. During the same period last year, the company posted earnings per share of $ 1.40. The company’s revenue increased 142.2% year-on-year. Research analysts predict that International Flavors & Fragrances will show 5.62 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 7. Shareholders of record on Tuesday, December 28 will receive a dividend of $ 0.79 per share. The ex-dividend date is Monday, December 27. This represents a dividend of $ 3.16 on an annualized basis and a dividend yield of 2.23%. International Flavors & Fragrances’ dividend payout ratio (DPR) is currently 256.91%.
Several hedge funds and other institutional investors have recently changed their positions in the company. People’s United Financial Inc. increased its stake in International Flavors & Fragrances by 1.5% during the 2nd quarter. People’s United Financial Inc. now owns 5,195 shares of the specialty chemicals company valued at $ 776,000 after acquiring 79 additional shares during the period. Johnson Investment Counsel Inc. increased its stake in International Flavors & Fragrances by 2.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 3,847 shares of the specialty chemicals company valued at $ 578,000 after acquiring 79 additional shares during the period. Pinnacle Associates Ltd. increased its stake in International Flavors & Fragrances by 3.9% during the 3rd quarter. Pinnacle Associates Ltd. now owns 2,080 shares of the specialty chemicals company valued at $ 278,000 after acquiring 79 additional shares during the period. Everett Harris & Co. CA increased its stake in International Flavors & Fragrances by 0.7% during the 3rd quarter. Everett Harris & Co. CA now owns 12,293 shares of the specialty chemicals company valued at $ 1,644,000 after acquiring 80 additional shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in International Flavors & Fragrances by 3.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,997 shares of the specialty chemicals company valued at $ 448,000 after acquiring 96 additional shares during the period. Institutional investors hold 90.75% of the shares of the company.
About international flavors and fragrances
International Flavors & Fragrances, Inc is engaged in the manufacture and supply of flavors and fragrances used in food, beverages, personal care and household products. It operates through the following segments: Taste and Perfume. The Taste segment is 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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