Universal Beteiligungs und Servicegesellschaft mbH Raises Holdings in Corteva, Inc. $CTVA

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Corteva, Inc. (NYSE:CTVA) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,899 shares of the company’s stock after acquiring an additional 23,076 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Corteva worth $36,513,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Gladwyn Financial Advisors Inc. acquired a new position in Corteva during the 2nd quarter valued at approximately $25,000. True Wealth Design LLC lifted its stake in shares of Corteva by 209.5% during the third quarter. True Wealth Design LLC now owns 390 shares of the company’s stock worth $26,000 after buying an additional 264 shares during the period. Total Investment Management Inc. purchased a new stake in shares of Corteva during the second quarter valued at $27,000. Curat Global LLC increased its position in shares of Corteva by 93.7% in the 2nd 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 period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Corteva in the 2nd quarter valued at $29,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CTVA shares. Mizuho lifted their price target on Corteva from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on Corteva from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. UBS Group dropped their target price on Corteva from $85.00 to $81.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. BNP Paribas Exane increased their price target on shares of Corteva from $70.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday, November 17th. Finally, Wolfe Research raised their price target on shares of Corteva from $80.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.47.

Corteva Stock Up 3.7%

Corteva stock opened at $71.48 on Thursday. The business’s 50-day moving average price is $67.04 and its 200 day moving average price is $68.47. The company has a quick ratio of 1.07, a current ratio of 1.58 and a debt-to-equity ratio of 0.07. The firm has a market cap of $48.30 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 1.39 and a beta of 0.74. Corteva, Inc. has a 52 week low of $53.40 and a 52 week high of $77.41.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.26. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.47 billion. Corteva had a return on equity of 9.37% and a net margin of 9.19%.Corteva’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.49) earnings per share. As a group, sell-side analysts anticipate that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. Corteva’s dividend payout ratio is 30.77%.

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.