Traders are buying a large volume of international flavor and fragrance call options (NYSE: IFF)
International Flavors & Fragrances Inc. (NYSE: IFF) was the target of unusual options trading activity on Friday. Traders acquired 9,988 call options on the stock. This is an increase of approximately 930% over the typical volume of 970 call options.
A number of research firms have recently weighed in on IFF. Redburn Partners began covering shares of International Flavors & Fragrances in a research report on Tuesday, July 20. They set a “buy” rating and a price target of $ 140.11 for the company. Wells Fargo & Company lowered its price target on International Flavors & Fragrances shares from $ 170.00 to $ 160.00 and set an “overweight” rating for the company in a research report released on Monday, 20 September. Three equity research analysts rated the stock with a conservation rating and nine issued a buy rating for the company. According to MarketBeat.com, the stock currently has an average rating of âBuyâ and an average price target of $ 148.65.
IFF stock traded up $ 8.41 at noon on Friday, reaching $ 142.13. The company’s shares had a trading volume of 156,769 shares, compared to its average volume of 2,778,169. The company has a quick ratio of 1.19, a current ratio of 1.95, and a leverage ratio. of 0.52. International Flavors & Fragrances has a 52 week low of $ 99.54 and a 52 week high of $ 157.08. The company has a market cap of $ 35.40 billion, a P / E ratio of 117.26, a PEG ratio of 2.37 and a beta of 0.96. The company has a 50-day simple moving average of $ 147.12 and a 200-day simple moving average of $ 144.56.
International Flavors & Fragrances (NYSE: IFF) last published its quarterly results on Thursday, August 5. The specialty chemicals company reported EPS of $ 1.50 for the quarter, hitting Thomson Reuters’ consensus estimate of $ 1.50. International Flavors & Fragrances posted a net margin of 1.71% and a return on equity of 7.32%. The company posted revenue of $ 3.09 billion in the quarter, compared to $ 2.99 billion expected by analysts. On average, sell-side analysts expect International Flavors & Fragrances to post earnings per share of 5.94 for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 5. Shareholders of record on Friday, September 24 will receive a dividend of $ 0.79. This represents a dividend of $ 3.16 on an annualized basis and a dividend yield of 2.22%. This is a positive change from the previous quarterly dividend of $ 0.77 from International Flavors & Fragrances. The ex-dividend date is Thursday, September 23. International Flavors & Fragrances’ dividend payout ratio (DPR) is currently 55.44%.
Several institutional investors and hedge funds have recently changed their positions in IFF. IndexIQ Advisors LLC increased its holdings of International Flavors & Fragrances shares by 14.4% in the 1st quarter. IndexIQ Advisors LLC now owns 1,711 shares of the specialty chemicals company valued at $ 239,000 after purchasing an additional 216 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in International Flavors & Fragrances during the 1st quarter for a value of $ 389,000. Kestra Advisory Services LLC acquired a new stake in International Flavors & Fragrances during the 1st quarter for a value of $ 277,000. HighTower Advisors LLC increased its stake in International Flavors & Fragrances by 76.1% during the 1st quarter. HighTower Advisors LLC now owns 9,908 shares of the specialty chemicals company valued at $ 1,385,000 after acquiring an additional 4,283 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in International Flavors & Fragrances by 411.1% during the 1st quarter. Parkside Financial Bank & Trust now owns 184 shares of the specialty chemicals company valued at $ 26,000 after acquiring 148 additional shares in the last quarter. Institutional investors and hedge funds hold 90.85% of the company’s shares.
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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