Capital Fund Management S.A. Purchases New Position in Corteva, Inc. $CTVA

Capital Fund Management S.A. purchased a new position in Corteva, Inc. (NYSE:CTVA) in the third quarter, HoldingsChannel reports. The fund purchased 146,153 shares of the company’s stock, valued at approximately $9,884,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Empirical Finance LLC boosted its position in Corteva by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 24,935 shares of the company’s stock valued at $1,858,000 after acquiring an additional 153 shares in the last quarter. Fox Run Management L.L.C. raised its position in shares of Corteva by 5.1% in the 3rd quarter. Fox Run Management L.L.C. now owns 3,361 shares of the company’s stock worth $227,000 after acquiring an additional 164 shares in the last quarter. IFG Advisory LLC lifted its stake in shares of Corteva by 1.7% in the 3rd quarter. IFG Advisory LLC now owns 9,764 shares of the company’s stock valued at $660,000 after purchasing an additional 166 shares during the period. United Community Bank boosted its position in shares of Corteva by 10.5% during the third quarter. United Community Bank now owns 1,849 shares of the company’s stock valued at $125,000 after purchasing an additional 176 shares in the last quarter. Finally, Binnacle Investments Inc boosted its position in shares of Corteva by 54.7% during the second quarter. Binnacle Investments Inc now owns 512 shares of the company’s stock valued at $38,000 after purchasing an additional 181 shares in the last quarter. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CTVA has been the subject of a number of research reports. Jefferies Financial Group increased their price objective on Corteva from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wolfe Research boosted their target price on shares of Corteva from $81.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Royal Bank Of Canada increased their price target on shares of Corteva from $80.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Bank of America lifted their price target on shares of Corteva from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Corteva from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Corteva has an average rating of “Moderate Buy” and an average target price of $82.90.

Insider Activity at Corteva

In other news, insider Brian Titus sold 8,311 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $76.55, for a total transaction of $636,207.05. Following the sale, the insider owned 8,090 shares in the company, valued at $619,289.50. This represents a 50.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Corteva Trading Up 1.4%

NYSE CTVA opened at $79.76 on Friday. Corteva, Inc. has a 12 month low of $53.40 and a 12 month high of $80.90. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average price is $73.88 and its 200-day moving average price is $69.20. The stock has a market cap of $53.64 billion, a P/E ratio of 50.48, a P/E/G ratio of 2.69 and a beta of 0.72.

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

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, March 2nd. Corteva’s dividend payout ratio is currently 45.57%.

About Corteva

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.