Varma Mutual Pension Insurance Co Buys 12,900 Shares of Corteva, Inc. $CTVA

Varma Mutual Pension Insurance Co lifted its stake in shares of Corteva, Inc. (NYSE:CTVA) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,876 shares of the company’s stock after buying an additional 12,900 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Corteva were worth $11,083,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Gladwyn Financial Advisors Inc. bought a new position in shares of Corteva during the second quarter valued at about $25,000. Activest Wealth Management increased its stake in Corteva by 118.3% in the 3rd quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Corteva by 209.5% during the 3rd quarter. True Wealth Design LLC now owns 390 shares of the company’s stock worth $26,000 after buying an additional 264 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of Corteva in the second quarter valued at approximately $27,000. Finally, Curat Global LLC increased its position in shares of Corteva by 93.7% during the second quarter. Curat Global LLC now owns 370 shares of the company’s stock valued at $28,000 after acquiring an additional 179 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their target price on Corteva from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. UBS Group cut shares of Corteva from a “buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Corteva in a research note on Monday, December 29th. Mizuho upped their price objective on Corteva from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Finally, Rothschild & Co Redburn decreased their target price on Corteva from $71.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Corteva has an average rating of “Moderate Buy” and a consensus price target of $82.20.

Corteva Stock Performance

Shares of CTVA opened at $74.98 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.96 and a current ratio of 1.43. The stock has a market capitalization of $50.67 billion, a price-to-earnings ratio of 47.46, a price-to-earnings-growth ratio of 2.52 and a beta of 0.75. Corteva, Inc. has a 52-week low of $53.40 and a 52-week high of $77.41. The stock’s 50-day simple moving average is $69.67 and its 200 day simple moving average is $68.46.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The firm had revenue of $3.91 billion for the quarter, compared to the consensus estimate of $4.23 billion. Corteva had a net margin of 6.29% and a return on equity of 9.06%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Research analysts forecast that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. Corteva’s dividend payout ratio is presently 45.57%.

Corteva Company Profile

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.