Pinnacle Bancorp Inc. Has $42,000 Stock Holdings in Corteva, Inc. (NYSE:CTVA)

Pinnacle Bancorp Inc. trimmed its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 21.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 662 shares of the company’s stock after selling 176 shares during the period. Pinnacle Bancorp Inc.’s holdings in Corteva were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC purchased a new stake in shares of Corteva in the fourth quarter worth approximately $25,000. Noble Wealth Management PBC purchased a new stake in Corteva in the 4th quarter worth approximately $26,000. Pinney & Scofield Inc. acquired a new stake in shares of Corteva during the 4th quarter valued at $27,000. LGT Financial Advisors LLC purchased a new position in shares of Corteva during the 4th quarter valued at $31,000. Finally, J.Safra Asset Management Corp acquired a new position in shares of Corteva in the fourth quarter worth $37,000. 81.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CTVA. Jefferies Financial Group reaffirmed a “buy” rating on shares of Corteva in a research note on Friday, June 6th. UBS Group increased their target price on shares of Corteva from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Citigroup boosted their price target on Corteva from $75.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Oppenheimer reissued an “outperform” rating and set a $75.00 price objective (up previously from $72.00) on shares of Corteva in a report on Friday, May 9th. Finally, Morgan Stanley raised their price objective on Corteva from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.08.

Corteva Price Performance

Shares of NYSE:CTVA opened at $73.30 on Thursday. The company has a market cap of $50.00 billion, a price-to-earnings ratio of 44.70, a PEG ratio of 1.87 and a beta of 0.75. The business has a 50 day moving average price of $67.98 and a 200 day moving average price of $63.16. The company has a quick ratio of 1.00, a current ratio of 1.44 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a twelve month low of $50.30 and a twelve month high of $74.96.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.25. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.56 billion. Corteva had a return on equity of 7.84% and a net margin of 6.77%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share. Research analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 2nd were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.68 annualized dividend and a yield of 0.93%. Corteva’s dividend payout ratio is 41.46%.

Corteva Company Profile

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.