Corteva, Inc. $CTVA Position Increased by Ninety One UK Ltd

Ninety One UK Ltd raised its position in Corteva, Inc. (NYSE:CTVA) by 14.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,285,662 shares of the company’s stock after acquiring an additional 157,647 shares during the quarter. Ninety One UK Ltd owned approximately 0.19% of Corteva worth $99,832,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Corteva during the 2nd quarter valued at about $4,560,180,000. Independent Franchise Partners LLP boosted its stake in shares of Corteva by 1.0% during the 4th quarter. Independent Franchise Partners LLP now owns 10,495,388 shares of the company’s stock worth $703,506,000 after acquiring an additional 107,434 shares during the last quarter. Wellington Management Group LLP grew its holdings in Corteva by 941.7% during the second quarter. Wellington Management Group LLP now owns 7,612,704 shares of the company’s stock valued at $644,720,000 after purchasing an additional 6,881,875 shares during the period. Royal Bank of Canada lifted its holdings in Corteva by 202.1% during the first quarter. Royal Bank of Canada now owns 7,458,624 shares of the company’s stock valued at $624,362,000 after purchasing an additional 4,989,371 shares in the last quarter. Finally, Jupiter Topco LLC bought a new position in Corteva in the 2nd quarter worth $544,246,000. Institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

CTVA has been the subject of several research analyst reports. Mizuho increased their target price on Corteva from $96.00 to $97.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Morgan Stanley reiterated an “overweight” rating and set a $18.00 target price on shares of Corteva in a research report on Friday, October 2nd. UBS Group reduced their price objective on Corteva to $15.00 and set a “neutral” rating on the stock in a research note on Monday. Citigroup lifted their target price on Corteva from $86.00 to $91.00 and gave the stock a “neutral” rating in a report on Thursday, September 17th. Finally, Bank of America lifted their price objective on shares of Corteva from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.59.

Corteva Trading Down 5.5%

Shares of CTVA traded down $0.73 during mid-day trading on Thursday, reaching $12.66. 11,057,285 shares of the company’s stock traded hands, compared to its average volume of 6,832,324. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.52 and a quick ratio of 1.10. The stock’s 50-day moving average is $67.61 and its two-hundred day moving average is $76.84. Corteva, Inc. has a 12 month low of $11.74 and a 12 month high of $90.97. The stock has a market cap of $8.45 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.87 and a beta of 0.57.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.60 billion. Corteva had a return on equity of 10.18% and a net margin of 5.66%. Corteva’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.20 EPS. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. Research analysts forecast that Corteva, Inc. will post 1.04 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Corteva’s dividend payout ratio (DPR) is currently 47.68%.

About Corteva

Corteva, Inc is an agriculture-focused company that develops and supplies seed, crop protection and digital agriculture products. Its offerings are designed to help farmers improve crop productivity, manage pests and diseases, and support more efficient and sustainable farming practices.

The company’s seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crops, marketed through brands such as Pioneer, Brevant seeds and PhytoGen. Corteva also provides herbicides, insecticides, fungicides, biological products and seed treatments under a range of agricultural brands.

Corteva serves farmers, agricultural retailers and other customers in markets around the world.