Corteva, Inc. $CTVA Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC boosted its holdings in Corteva, Inc. (NYSE:CTVAFree Report) by 8.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 116,389 shares of the company’s stock after buying an additional 8,819 shares during the quarter. Metis Global Partners LLC’s holdings in Corteva were worth $7,802,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Drummond Knight Asset Management Pty Ltd acquired a new position in Corteva in the fourth quarter worth approximately $25,713,000. Alberta Investment Management Corp purchased a new position in Corteva during the 3rd quarter worth approximately $5,018,000. Avior Wealth Management LLC grew its position in Corteva by 464.7% during the 4th quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock worth $2,205,000 after purchasing an additional 27,075 shares in the last quarter. HighTower Advisors LLC grew its position in Corteva by 8.6% during the 3rd quarter. HighTower Advisors LLC now owns 182,643 shares of the company’s stock worth $12,352,000 after purchasing an additional 14,436 shares in the last quarter. Finally, Arbejdsmarkedets Tillaegspension purchased a new position in Corteva during the 4th quarter worth approximately $23,679,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CTVA. Argus lifted their price objective on shares of Corteva from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Wells Fargo & Company lifted their price objective on shares of Corteva from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada lifted their price objective on shares of Corteva from $95.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Jefferies Financial Group lifted their price objective on shares of Corteva from $95.00 to $97.00 in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Corteva from $90.00 to $100.00 in a research report on Monday, May 11th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.48.

View Our Latest Stock Report on CTVA

Corteva Trading Down 0.6%

Shares of NYSE:CTVA opened at $74.59 on Thursday. The firm has a fifty day moving average of $80.72 and a two-hundred day moving average of $75.24. The firm has a market capitalization of $49.89 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 2.29 and a beta of 0.57. Corteva, Inc. has a 12-month low of $60.53 and a 12-month high of $85.63. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVAGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.64 billion. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, equities analysts expect that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. Corteva’s dividend payout ratio (DPR) is 42.35%.

Corteva Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Corteva (NYSE:CTVA)

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