Rakuten Investment Management Inc. Makes New Investment in Corteva, Inc. $CTVA

Rakuten Investment Management Inc. bought a new position in shares of Corteva, Inc. (NYSE:CTVA) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 109,539 shares of the company’s stock, valued at approximately $9,132,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. William B. Walkup & Associates Inc. boosted its stake in Corteva by 2.9% during the 1st quarter. William B. Walkup & Associates Inc. now owns 4,457 shares of the company’s stock worth $373,000 after acquiring an additional 126 shares during the last quarter. Wilkerson Advisory Group LLC raised its holdings in Corteva by 6.7% in the first quarter. Wilkerson Advisory Group LLC now owns 2,112 shares of the company’s stock worth $177,000 after purchasing an additional 133 shares during the period. AdvisorNet Financial Inc boosted its position in shares of Corteva by 2.4% during the first quarter. AdvisorNet Financial Inc now owns 5,694 shares of the company’s stock worth $477,000 after purchasing an additional 135 shares in the last quarter. First Horizon Corp grew its holdings in shares of Corteva by 9.2% in the 1st quarter. First Horizon Corp now owns 1,600 shares of the company’s stock valued at $134,000 after buying an additional 135 shares during the period. Finally, Aviance Capital Partners LLC grew its holdings in shares of Corteva by 1.3% in the 1st quarter. Aviance Capital Partners LLC now owns 11,008 shares of the company’s stock valued at $922,000 after buying an additional 137 shares during the period. 81.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group dropped their price objective on Corteva from $89.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 18th. BNP Paribas Exane increased their price target on Corteva from $74.00 to $77.00 in a report on Wednesday, May 6th. Weiss Ratings lowered Corteva from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Morgan Stanley lifted their price objective on Corteva from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Finally, Barclays boosted their price objective on Corteva from $84.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $91.50.

Corteva Price Performance

Shares of CTVA opened at $84.00 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a twelve month low of $60.53 and a twelve month high of $90.97. The stock has a market capitalization of $56.04 billion, a P/E ratio of 55.63, a P/E/G ratio of 2.58 and a beta of 0.57. The company has a 50 day moving average of $82.69 and a 200-day moving average of $80.54.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the previous year, the firm posted $2.20 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. As a group, equities research analysts forecast that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Announces Dividend

The firm 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 dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s payout ratio is 47.68%.

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.