Capital International Ltd. CA Reduces Position in Corteva, Inc. $CTVA

Capital International Ltd. CA lessened its stake in shares of Corteva, Inc. (NYSE:CTVA) by 40.3% during the 4th quarter, Holdings Channel reports. The firm owned 133,101 shares of the company’s stock after selling 89,923 shares during the quarter. Capital International Ltd. CA’s holdings in Corteva were worth $8,922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC grew its position in Corteva by 9.1% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,674 shares of the company’s stock worth $112,000 after purchasing an additional 140 shares during the last quarter. Drive Wealth Management LLC increased its holdings in shares of Corteva by 3.8% in the fourth quarter. Drive Wealth Management LLC now owns 4,259 shares of the company’s stock valued at $285,000 after purchasing an additional 156 shares during the period. Reynders McVeigh Capital Management LLC increased its holdings in shares of Corteva by 2.9% in the fourth 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 period. Chesapeake Capital Corp IL increased its holdings in shares of Corteva by 0.9% in the fourth quarter. Chesapeake Capital Corp IL now owns 18,035 shares of the company’s stock valued at $1,209,000 after purchasing an additional 161 shares during the period. Finally, Fox Run Management L.L.C. increased its holdings 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 valued at $227,000 after purchasing an additional 164 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. UBS Group increased their price objective on Corteva from $88.00 to $90.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Citigroup increased their price objective on Corteva from $83.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Weiss Ratings raised Corteva from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. BNP Paribas Exane increased their price objective on Corteva from $74.00 to $77.00 in a report on Wednesday, May 6th. Finally, Jefferies Financial Group increased their price objective on Corteva from $95.00 to $97.00 in a report on Thursday, May 7th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Corteva has a consensus rating of “Moderate Buy” and a consensus target price of $88.67.

Corteva Stock Down 0.5%

Corteva stock opened at $77.06 on Friday. The firm has a market cap of $51.54 billion, a price-to-earnings ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 0.57. Corteva, Inc. has a 52 week low of $60.53 and a 52 week high of $85.63. The business’s 50-day moving average price is $81.17 and its 200 day moving average price is $74.94. 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:CTVA) last posted its earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, topping 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 revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $1.13 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, sell-side analysts anticipate that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued 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 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.