|Bid||123.35 x 1300|
|Ask||0.00 x 800|
|Day's Range||124.36 - 126.25|
|52 Week Range||123.19 - 157.40|
|PE Ratio (TTM)||33.71|
|Forward Dividend & Yield||2.76 (2.19%)|
|1y Target Est||N/A|
In this daily bar chart of IFF, below, we can see that prices are still below the declining 50-day moving average line. The daily On-Balance-Volume (OBV) line has been weak this month signaling that sellers of IFF have been more aggressive. In this weekly bar chart of IFF, below, we only see more weakness when compared to earlier this month.
International Flavors & Fragrances Inc., together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. International Flavors & Fragrances is one of United States’s large-cap stocksRead More...
On May 7, International Flavors and Fragrances (IFF) announced that it had entered a definitive agreement to acquire Frutarom, a leader in the natural taste, scent, and nutrition markets. As a part of the deal, IFF will also assume Frutarom’s net debt. Frutarom shareholders will receive $71.19 in cash and 0.249 of IFF’s common stock.
International Flavors and Fragrances’ (IFF) Flavors segment saw a fall in its revenue contribution by 0.8 percentage points to the company’s overall revenue in 1Q18. The growth in the segment’s revenue was primarily driven by higher volume growth across most of the reporting regions. EMEA (Europe, the Middle East, and Africa) led with growth of 24% driven by the strong performance in the dairy, savory, and beverage businesses. North America revenue grew by 10% due to double-digit growth in Tastepoint along with the new business wins in the beverage and dairy businesses. Asia witnessed revenue growth of 6% resulting from double-digit growth in China and India.
International Flavors and Fragrances’ (IFF) Fragrances segment contributes the most to its overall revenue. This segment accounted for 51.8% of the company’s revenue in 1Q18 compared to 51.0% in 1Q17, an increase of 0.8 percentage points on a YoY (year-over-year) basis. The Fragrances segment reported revenue of $481.9 million, a rise of 14.2% on a YoY (year-over-year) basis, in the quarter.
Since 2013, IFF’s first quarter revenue has grown at a CAGR (or compound annual revenue growth rate) of 5.0%. IFF’s revenue growth was primarily driven by the addition of new clients, an increase in volumes, and higher prices. A significant portion of IFF’s revenue growth was organic growth.
International Flavors and Fragrances (IFF) announced its 1Q18 earnings during market hours on May 7. In this series, we’ll discuss IFF’s 1Q18 earnings, revenues, the performances of its reporting segments, and its Frutarom Industries acquisition.
Shares of International Flavors & Fragrances (IFF) were the worst performer among all components of the Standard & Poor's 500 Monday, plunging more than 10%. Winder Investment of Singapore bought 289,195 International Flavors shares yesterday, paying an average of $132.78 per share. Winder remains its largest shareholder.
International Flavors & Fragrances' (IFF) first-quarter 2018 earnings gain from healthy segmental sales along with costs and productivity measures. Also, the buyout of Frutarom is expected to be advantageous.
International Flavors & Fragrances Inc. agreed to buy Israel-based rival Frutarom Industries Ltd. in a $6.4 billion cash-and-stock deal that gives one of the world’s largest flavoring makers a foothold in natural foods. “The deal is expensive and risky,” said Brett Hundley, a food analyst with The Vertical Group. The company and its competitors sell such ingredients as colorings, flavorings and texturizers to be used in foods made by better-known packaged food and consumer products companies.
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JERUSALEM/NEW YORK (Reuters) - International Flavors & Fragrances Inc (IFF.N) agreed to buy Israeli flavours and ingredients maker Frutarom (FRUT.TA) for $7.1 billion (5.24 billion pounds) in cash and stock on Monday, vying for the industry's top spot with market leader Givaudan (GIVN.S). The flavours and fragrances sector was expected to consolidate after Geneva-based Givaudan said in March it planned to launch an offer for French natural ingredients firm Naturex (NATU.PA) and Israeli media reported last month that Frutarom had attracted takeover interest. The deal marks another bet on the explosion of consumer preferences for smaller upstart brands that feature more natural products focused on health and wellness.
Moody's Investors Service has placed all ratings for International Flavors & Fragrances, Inc. ("IFF") on review for possible downgrade following the announcement that IFF will acquire Israel-based Frutarom for $7.1 billion, including the assumption of Frutarom's net debt. "The transaction represents a meaningful change financial policy, but management appears very committed to maintaining investment-grade ratings through public statements made earlier today," said Ben Nelson, Moody's Vice President -- Senior Credit Officer and lead analyst for International Flavors & Fragrances, Inc.
New York-based IFF aims to create a global leader in taste, scent and nutrition, expanding its global consumer base and complementary product portfolio. The deal brings Frutarom's diversified product line under the IFF umbrella. With a 30,000 strong customer base spread across 150 nations, Frutarom has over 70,000 products in its portfolio.
International Flavors & Fragrances Inc. said it has struck a deal to buy Israel-based Frutarom Industries Ltd., in a cash-and-stock deal valued at around $7.1 billion. Under terms of the deal, Frutarom (FRUT.L) shareholders will receive $71.19 in cash for each share and 0.249 of a share of IFF common stock. Based on the 10-day volume weighted average price for IFF shares for the period ending May 4, 2018, that represents a total value of $106.25 a share.
The New York-based company said it had net income of $1.63 per share. Earnings, adjusted for non-recurring costs and pretax expenses, were $1.69 per share. The results topped Wall Street expectations. ...
International Flavors & Fragrances Inc. agreed to buy Israeli flavours and ingredients maker Frutarom for $7.1 billion in a cash and stock transaction that would create the leader in the sector, the companies said on Monday. Under the deal, which has been approved by both boards, Frutarom's shareholders will receive for each Frutarom share $71.19 in cash and 0.249 per share of IFF common stock for a total value of $106.25 per share. IFF, which is paying an 11 percent premium to Frutarom's May 6 close, also will assume Frutarom's net debt while the two companies will have combined revenue of $5.3 billion in 2018.
Jim Cramer sits down with International Flavors & Fragrances Chairman and CEO Andreas Fibig about his chemicals company's latest acquisition.