On May 26, 2023, JP Morgan maintained its coverage of International Flavors & Fragrances (NYSE:IFF) with a Neutral recommendation, according to Fintel.
Analyst Price Forecast Shows Potential Upside of 47.76%
As of May 11, 2023, the average one-year price target for IFF is $115.64. The projections range from $75.75 to $152.25. The average price target indicates a potential increase of 47.76% from its latest reported closing price of $78.26.
For a leaderboard of companies with the highest expected price target upside, visit Fintel’s website.
International Flavors & Fragrances is projected to generate annual revenue of $12.728MM, representing an increase of 3.98%. The estimated annual non-GAAP EPS is 5.88.
IFF Declares Quarterly Dividend of $0.81
On May 3, 2023, IFF announced a regular quarterly dividend of $0.81 per share ($3.24 annualized), payable to shareholders of record as of June 23, 2023, on July 11, 2023.
The company’s current share price of $78.26 yields a dividend of 4.14%. Comparing this to the average dividend yield of 2.48% over the past five years, IFF’s current yield is 3.86 standard deviations higher than the historical average. The company’s dividend payout ratio is -0.39, indicating that it pays out more in dividends than it earns in income.
The 3-Year dividend growth rate for IFF is 0.08%, showing that it has increased its dividend over time.
Fund Sentiment and Shareholder Information
1470 funds or institutions have investments in International Flavors & Fragrances, representing a decrease of 4 owners or 0.27% in the last quarter. The average portfolio weight of all funds invested in IFF is 0.35%, an increase of 14.56%. Total shares owned by institutions grew by 0.49% over the last three months to 260,016K shares.
The put/call ratio of IFF is 0.71, indicating a bullish outlook, according to Fintel.
The top shareholders of IFF, according to Fintel, are Winder Investment Pte with 25,356K shares, representing 9.94% of the company, Massachusetts Financial Services with 8,980K shares (3.52% ownership), Vanguard Total Stock Market Index Fund Investor Shares with 7,747K shares (3.04% ownership), Sachem Head Capital Management with 6,685K shares (2.62% ownership), and Vanguard Mid-Cap Index Fund Investor Shares with 5,936K shares (2.33% ownership).
About International Flavors & Fragrances
(This description is provided by the company.)
International Flavors & Fragrances (IFF) creates unique scents, tastes, experiences, and ingredients for the products people use every day. The company uses science and artistry to develop unexpected flavors, fragrances, and ingredients for consumer goods like perfumes, cosmetics, packaging, beverages, and sweets.
For more information on IFF and other companies, check out Fintel’s website.
This article was originally published on Fintel.
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Nasdaq, Inc.
