Corteva, Inc. $CTVA Shares Sold by PGGM Investments

PGGM Investments decreased its position in Corteva, Inc. (NYSE:CTVA) by 47.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 640,956 shares of the company’s stock after selling 582,488 shares during the period. PGGM Investments’ holdings in Corteva were worth $42,963,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CTVA. Chilton Capital Management LLC lifted its holdings in shares of Corteva by 18.1% during the third quarter. Chilton Capital Management LLC now owns 445,350 shares of the company’s stock valued at $30,119,000 after purchasing an additional 68,380 shares during the last quarter. Drummond Knight Asset Management Pty Ltd purchased a new stake in shares of Corteva during the fourth quarter valued at $25,713,000. Truist Financial Corp lifted its holdings in shares of Corteva by 4.5% during the third quarter. Truist Financial Corp now owns 321,913 shares of the company’s stock valued at $21,771,000 after purchasing an additional 13,910 shares during the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Corteva during the third quarter valued at $5,018,000. Finally, Avior Wealth Management LLC lifted its holdings in shares of Corteva by 464.7% during the fourth quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock valued at $2,205,000 after purchasing an additional 27,075 shares during the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CTVA shares. Argus upped their target price on Corteva from $80.00 to $91.00 and gave the company a “buy” rating in a report on Tuesday, March 31st. Rothschild & Co Redburn upped their target price on Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Weiss Ratings raised Corteva from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. CICC Research upped their target price on Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Wells Fargo & Company upped their target price on Corteva from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Thirteen 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.com, Corteva currently has an average rating of “Moderate Buy” and a consensus price target of $88.14.

Corteva Stock Up 0.0%

NYSE:CTVA opened at $79.57 on Tuesday. The firm has a market capitalization of $53.22 billion, a price-to-earnings ratio of 46.81, a PEG ratio of 2.43 and a beta of 0.59. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $85.63. The company has a current ratio of 1.47, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07. The business’s fifty day moving average price is $81.32 and its 200 day moving average price is $74.16.

Corteva (NYSE:CTVA) last posted its quarterly 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 analyst estimates of $4.64 billion. Corteva had a return on equity of 9.95% and a net margin of 6.50%.Corteva’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 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, sell-side analysts forecast that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Dividend Announcement

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

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.