Independent Franchise Partners LLP Grows Stock Position in Corteva, Inc. $CTVA

Independent Franchise Partners LLP increased its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,495,388 shares of the company’s stock after buying an additional 107,434 shares during the quarter. Corteva comprises approximately 4.5% of Independent Franchise Partners LLP’s portfolio, making the stock its 14th biggest holding. Independent Franchise Partners LLP owned approximately 1.56% of Corteva worth $703,506,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CTVA. JPL Wealth Management LLC acquired a new position in shares of Corteva in the 3rd quarter valued at about $25,000. Bank of Jackson Hole Trust acquired a new stake in Corteva during the 4th quarter worth approximately $28,000. Redmont Wealth Advisors LLC acquired a new stake in Corteva during the 3rd quarter worth approximately $29,000. Cornerstone Financial Management LLC acquired a new stake in Corteva during the 4th quarter worth approximately $29,000. Finally, Jackson Grant Investment Advisers Inc. increased its position in Corteva by 90.6% during the 3rd quarter. Jackson Grant Investment Advisers Inc. now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 213 shares in the last quarter. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Corteva from $84.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Corteva from $90.00 to $100.00 in a research report on Monday, May 11th. Oppenheimer increased their target price on shares of Corteva from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Berenberg Bank increased their target price on shares of Corteva from $68.00 to $78.00 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Finally, Citigroup increased their target price on shares of Corteva from $83.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $88.81.

Corteva Price Performance

Shares of NYSE CTVA opened at $77.45 on Thursday. Corteva, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $85.63. The business has a 50 day moving average price of $79.88 and a two-hundred day moving average price of $75.59. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. The firm has a market cap of $51.80 billion, a PE ratio of 45.56, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57.

Corteva (NYSE:CTVA) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. The firm had revenue of $4.91 billion during 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 quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Sell-side analysts expect that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.18 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva’s dividend payout ratio (DPR) is presently 42.35%.

Corteva Company Profile

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.