157,647 Corteva, Inc. $CTVA Shares Purchased by Ninety One UK Ltd

Ninety One UK Ltd lifted its position in Corteva, Inc. (NYSE:CTVA) by 14.0% in the third quarter, Holdings Channel reports. The firm owned 1,285,662 shares of the company’s stock after buying an additional 157,647 shares during the period. Ninety One UK Ltd’s holdings in Corteva were worth $99,832,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Corteva by 941.7% during the second quarter. Wellington Management Group LLP now owns 7,612,704 shares of the company’s stock valued at $644,720,000 after purchasing an additional 6,881,875 shares in the last quarter. Rakuten Investment Management Inc. bought a new position in Corteva in the second quarter worth approximately $9,132,000. Kingsview Wealth Management LLC bought a new position in Corteva in the second quarter worth approximately $1,093,000. Jupiter Topco LLC purchased a new stake in Corteva during the second quarter worth $544,246,000. Finally, Bank of New York Mellon Corp purchased a new stake in Corteva during the second quarter worth $392,447,000. Institutional investors own 81.54% of the company’s stock.

Corteva Stock Down 5.5%

Shares of Corteva stock traded down $0.73 on Thursday, reaching $12.66. The stock had a trading volume of 11,057,285 shares, compared to its average volume of 6,832,324. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $8.45 billion, a P/E ratio of 8.41, a P/E/G ratio of 1.87 and a beta of 0.57. The company has a 50 day moving average price of $67.61 and a 200 day moving average price of $76.84. Corteva, Inc. has a 1 year low of $11.74 and a 1 year high of $90.97.

Corteva (NYSE:CTVA) last posted its earnings results on Thursday, July 30th. The company reported $2.30 EPS for the quarter, beating 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 company had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.60 billion. During the same quarter in the prior year, the company posted $2.20 earnings per share. Corteva’s revenue for the quarter was down 1.2% compared to the same quarter last year. 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 1.04 EPS for the current year.

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Corteva’s payout ratio is currently 47.68%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. raised Corteva from a “neutral” rating to an “overweight” rating and set a $19.00 target price on the stock in a research report on Tuesday, October 6th. Zacks Research lowered Corteva from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Mizuho upped their price objective on 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 restated a “buy” rating and set a $101.00 price objective on shares of Corteva in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Corteva in a research report on Wednesday, October 7th. Sixteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Corteva presently has an average rating of “Moderate Buy” and an average target price of $60.59.

Corteva Company Profile

Corteva, Inc is an agriculture-focused company that develops and supplies seed, crop protection and digital agriculture products. Its offerings are designed to help farmers improve crop productivity, manage pests and diseases, and support more efficient and sustainable farming practices.

The company’s seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crops, marketed through brands such as Pioneer, Brevant seeds and PhytoGen. Corteva also provides herbicides, insecticides, fungicides, biological products and seed treatments under a range of agricultural brands.

Corteva serves farmers, agricultural retailers and other customers in markets around the world.