Corteva, Inc. (NYSE:CTVA) Position Boosted by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lifted its stake in Corteva, Inc. (NYSE:CTVA – Get Rating) by 17.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 597,385 shares of the company’s stock after buying an additional 86,661 shares during the period. Corteva makes up approximately 2.4% of Cookson Peirce & Co. Inc.’s holdings, making the stock its 7th largest holding. Cookson Peirce & Co. Inc. owned about 0.08% of Corteva worth $34,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Fairfield Bush & CO. purchased a new stake in Corteva in the first quarter worth $45,000. Cibc World Market Inc. grew its stake in shares of Corteva by 420.1% in the first quarter. Cibc World Market Inc. now owns 37,890 shares of the company’s stock worth $2,178,000 after acquiring an additional 30,605 shares during the period. Blair William & Co. IL lifted its holdings in Corteva by 2.9% in the first quarter. Blair William & Co. IL now owns 94,498 shares of the company’s stock valued at $5,432,000 after acquiring an additional 2,662 shares during the period. Aviva PLC grew its position in Corteva by 38.1% during the first quarter. Aviva PLC now owns 146,289 shares of the company’s stock valued at $8,409,000 after buying an additional 40,391 shares during the period. Finally, Prudential PLC bought a new position in Corteva in the 1st quarter worth $799,000. Institutional investors own 79.45% of the company’s stock.

Wall Street Analysts Forecast Growth

CTVA has been the subject of a number of research reports. Mizuho upped their target price on shares of Corteva from $76.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, January 12th. BMO Capital Markets raised their price target on Corteva from $72.00 to $76.00 and gave the stock an “outperform” rating in a research note on Monday, November 7th. Bank of America upgraded shares of Corteva from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $64.00 to $68.00 in a report on Wednesday, January 11th. Barclays raised their price objective on Corteva from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, November 17th. Finally, Loop Capital lowered shares of Corteva from a “buy” rating to a “hold” rating and lifted their price objective for the company from $70.00 to $71.00 in a report on Tuesday, November 15th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.59.

Corteva Stock Down 0.2 %

CTVA stock traded down $0.16 during midday trading on Wednesday, hitting $64.29. The company’s stock had a trading volume of 415,636 shares, compared to its average volume of 2,703,083. The firm has a 50-day simple moving average of $62.11 and a 200-day simple moving average of $61.55. The company has a quick ratio of 1.08, a current ratio of 1.69 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $45.93 billion, a P/E ratio of 34.47, a PEG ratio of 1.18 and a beta of 0.78. Corteva, Inc. has a 52-week low of $47.37 and a 52-week high of $68.43.

Corteva (NYSE:CTVA – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.11. Corteva had a return on equity of 7.31% and a net margin of 7.95%. The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the business earned ($0.14) earnings per share. The firm’s revenue was up 17.1% compared to the same quarter last year. As a group, equities analysts forecast that Corteva, Inc. will post 2.57 EPS for the current year.

Corteva Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Tuesday, February 28th. Corteva’s payout ratio is currently 32.09%.

Corteva Company Profile

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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.