OMERS ADMINISTRATION Corp Has $5.59 Million Position in Corteva, Inc. $CTVA

OMERS ADMINISTRATION Corp lifted its stake in Corteva, Inc. (NYSE:CTVA) by 18.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,744 shares of the company’s stock after buying an additional 10,573 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Corteva were worth $5,587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in shares of Corteva in the 3rd quarter worth approximately $25,000. Westfuller Advisors LLC increased its position in shares of Corteva by 2,764.3% during the first quarter. Westfuller Advisors LLC now owns 401 shares of the company’s stock valued at $34,000 after purchasing an additional 387 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in shares of Corteva during the fourth quarter valued at approximately $27,000. Bank of Jackson Hole Trust acquired a new position in shares of Corteva in the fourth quarter valued at $28,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Corteva in the fourth quarter valued at $29,000. 81.54% of the stock is currently owned by institutional investors.

Corteva News Roundup

Here are the key news stories impacting Corteva this week:

• Positive Sentiment: Oppenheimer raised its price target on Corteva to $95 from $89 and kept an “outperform” rating, signaling confidence in further upside for the stock.
• Positive Sentiment: Zacks upgraded Corteva to Rank #2 (Buy), citing improving earnings prospects ahead of the company’s upcoming results.
• Positive Sentiment: Analysts expect Q2 earnings growth as premium seed demand, new products, and productivity gains help offset pricing and inflation pressure. Corteva Set to Report Q2 Earnings: What Investors Should Expect
• Neutral Sentiment: Corteva declared a quarterly dividend of $0.18 per share, payable September 15 to shareholders of record on September 1, which supports the stock’s income profile but is not a major growth catalyst. Corteva Declares Quarterly Dividend
• Neutral Sentiment: The company is set to report Q2 earnings soon, and investors are awaiting confirmation that demand and operating efficiency trends are holding up. Corteva (CTVA) Projected to Release Quarterly Earnings on Thursday

Corteva Stock Performance

Corteva stock opened at $89.23 on Monday. The firm has a market capitalization of $59.68 billion, a P/E ratio of 52.49, a P/E/G ratio of 2.70 and a beta of 0.56. The stock has a fifty day moving average price of $81.39 and a two-hundred day moving average price of $78.99. Corteva, Inc. has a 52-week low of $60.53 and a 52-week high of $89.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03.

Corteva (NYSE:CTVA) last issued its earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the previous year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, analysts anticipate that Corteva, Inc. will post 3.76 EPS for the current fiscal year.

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.18 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. Corteva’s payout ratio is 42.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Mizuho lifted their price target on shares of Corteva from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Corteva from $90.00 to $100.00 in a research note on Monday, May 11th. Wells Fargo & Company raised their price objective on shares of Corteva from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, CICC Research increased their price target on shares of Corteva from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.19.

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.