Criterion Capital Advisors LLC Invests $32,000 in Corteva, Inc. (NYSE:CTVA)

Criterion Capital Advisors LLC acquired a new position in shares of Corteva, Inc. (NYSE:CTVA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 676 shares of the company’s stock, valued at approximately $32,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Corteva by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 81,346,924 shares of the company’s stock worth $4,161,709,000 after acquiring an additional 1,941,323 shares during the period. Geode Capital Management LLC raised its holdings in Corteva by 1.4% in the first quarter. Geode Capital Management LLC now owns 14,726,824 shares of the company’s stock valued at $886,490,000 after buying an additional 208,948 shares during the period. Northern Trust Corp raised its holdings in Corteva by 2.7% in the third quarter. Northern Trust Corp now owns 12,505,783 shares of the company’s stock valued at $639,796,000 after buying an additional 327,321 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Corteva by 29.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,095,076 shares of the company’s stock valued at $567,624,000 after buying an additional 2,545,570 shares during the period. Finally, Morgan Stanley raised its holdings in Corteva by 8.6% in the fourth quarter. Morgan Stanley now owns 9,452,940 shares of the company’s stock valued at $555,644,000 after buying an additional 746,972 shares during the period. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTVA has been the topic of several research reports. Mizuho cut their price target on shares of Corteva from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Thursday, February 1st. Wolfe Research initiated coverage on shares of Corteva in a report on Friday, March 1st. They issued an “outperform” rating and a $67.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Corteva from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Oppenheimer increased their price objective on shares of Corteva from $62.00 to $67.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Finally, BNP Paribas raised shares of Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price objective for the company in a research report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Corteva currently has an average rating of “Moderate Buy” and an average price target of $63.29.

Corteva Stock Performance

Shares of CTVA opened at $54.80 on Monday. The business’s fifty day moving average price is $55.23 and its 200 day moving average price is $50.30. Corteva, Inc. has a 12-month low of $43.22 and a 12-month high of $62.10. The stock has a market capitalization of $38.30 billion, a PE ratio of 53.73, a price-to-earnings-growth ratio of 1.44 and a beta of 0.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.56 and a quick ratio of 0.90.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.09. Corteva had a return on equity of 7.43% and a net margin of 4.27%. The firm had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period last year, the business posted $0.16 earnings per share. Equities research analysts forecast that Corteva, Inc. will post 2.84 EPS for the current year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 29th. Corteva’s dividend payout ratio (DPR) is presently 62.75%.

About Corteva

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.