Independent Franchise Partners LLP increased its stake in Corteva, Inc. (NYSE:CTVA – Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,495,388 shares of the company’s stock after purchasing an additional 107,434 shares during the period. Corteva accounts for 4.5% of Independent Franchise Partners LLP’s portfolio, making the stock its 14th largest position. Independent Franchise Partners LLP’s holdings in Corteva were worth $703,506,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. Investment Management Corp of Ontario lifted its holdings in shares of Corteva by 89.9% in the 4th quarter. Investment Management Corp of Ontario now owns 60,735 shares of the company’s stock worth $4,071,000 after purchasing an additional 28,750 shares during the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Corteva by 67.0% in the 4th quarter. Gotham Asset Management LLC now owns 344,118 shares of the company’s stock worth $23,066,000 after purchasing an additional 138,086 shares during the last quarter. Evolve Private Wealth LLC bought a new stake in shares of Corteva in the 4th quarter worth approximately $286,000. First Manhattan CO. LLC. lifted its holdings in shares of Corteva by 2.8% in the 4th quarter. First Manhattan CO. LLC. now owns 16,136 shares of the company’s stock worth $1,082,000 after purchasing an additional 436 shares during the last quarter. Finally, Capitolis Liquid Global Markets LLC bought a new stake in shares of Corteva in the 4th quarter worth approximately $22,363,000. Institutional investors own 81.54% of the company’s stock.
Analyst Ratings Changes
Several analysts recently issued reports on CTVA shares. UBS Group cut their price target on Corteva from $90.00 to $86.00 and set a “neutral” rating on the stock in a report on Tuesday, June 9th. Berenberg Bank raised their price target on Corteva from $68.00 to $78.00 and gave the stock a “hold” rating in a report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Corteva from $90.00 to $100.00 in a research note on Monday, May 11th. Citigroup lifted their target price on Corteva from $83.00 to $85.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, CICC Research lifted their target price on Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Corteva has a consensus rating of “Moderate Buy” and an average price target of $88.81.
Corteva Stock Up 0.7%
Shares of Corteva stock opened at $77.45 on Thursday. The business’s fifty day moving average price is $79.88 and its two-hundred day moving average price is $75.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03. The company has a market capitalization of $51.80 billion, a P/E ratio of 45.56, a PEG ratio of 2.35 and a beta of 0.57. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $85.63.
Corteva (NYSE:CTVA – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.32. The firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, research analysts forecast that Corteva, Inc. will post 3.72 EPS for the current year.
Corteva Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.18 per share. The ex-dividend date was Monday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva’s dividend payout ratio (DPR) is 42.35%.
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.
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