Bank Julius Baer & Co. Ltd Zurich Decreases Position in Corteva, Inc. $CTVA

Bank Julius Baer & Co. Ltd Zurich lessened its position in Corteva, Inc. (NYSE:CTVA) by 24.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,017 shares of the company’s stock after selling 42,881 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Corteva were worth $8,738,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Drive Wealth Management LLC lifted its position in Corteva by 3.8% in the 4th quarter. Drive Wealth Management LLC now owns 4,259 shares of the company’s stock valued at $285,000 after acquiring an additional 156 shares in the last quarter. Reynders McVeigh Capital Management LLC boosted its stake in Corteva by 2.9% during the 4th quarter. Reynders McVeigh Capital Management LLC now owns 5,686 shares of the company’s stock valued at $381,000 after purchasing an additional 160 shares during the last quarter. Chesapeake Capital Corp IL increased its holdings in shares of Corteva by 0.9% in the 4th quarter. Chesapeake Capital Corp IL now owns 18,035 shares of the company’s stock worth $1,209,000 after purchasing an additional 161 shares in the last quarter. Fox Run Management L.L.C. raised its stake in shares of Corteva by 5.1% in the third quarter. Fox Run Management L.L.C. now owns 3,361 shares of the company’s stock worth $227,000 after purchasing an additional 164 shares during the last quarter. Finally, IFG Advisory LLC lifted its holdings in shares of Corteva by 1.7% during the third quarter. IFG Advisory LLC now owns 9,764 shares of the company’s stock valued at $660,000 after purchasing an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CTVA. Rothschild & Co Redburn increased their price objective on Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Jefferies Financial Group raised their price target on shares of Corteva from $95.00 to $97.00 in a report on Thursday, May 7th. Citigroup lifted their price target on shares of Corteva from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Corteva from $90.00 to $100.00 in a report on Monday. Thirteen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.14.

Corteva Stock Performance

Shares of CTVA opened at $83.20 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $81.03 and a two-hundred day simple moving average of $73.31. The stock has a market cap of $55.64 billion, a price-to-earnings ratio of 48.94, a PEG ratio of 2.56 and a beta of 0.59. Corteva, Inc. has a 52 week low of $60.53 and a 52 week high of $85.63.

Corteva (NYSE:CTVA) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, analysts expect that Corteva, Inc. will post 3.7 EPS for the current year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s payout ratio is currently 42.35%.

Insiders Place Their Bets

In other Corteva news, insider Brian Titus sold 8,311 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $76.55, for a total value of $636,207.05. Following the completion of the transaction, the insider directly 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 document filed with the SEC, which is available through this hyperlink. 0.15% of the stock is owned by corporate insiders.

Corteva Profile

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.