111 Capital Has $907,000 Holdings in Corteva, Inc. $CTVA

Key Points

• 111 Capital increased its stake in Corteva, Inc. by 197.4% in the second quarter, now holding 12,163 shares worth approximately $907,000.
• Institutional investors hold 81.54% of Corteva's stock, with several firms like Goldman Sachs and PGGM Investments significantly boosting their positions during recent quarters.
• Corteva recently announced an increase in its quarterly dividend to $0.18 per share, up from $0.17, reflecting a commitment to returning value to shareholders.

111 Capital grew its stake in Corteva, Inc. (NYSE:CTVA - Free Report) by 197.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,163 shares of the company's stock after acquiring an additional 8,073 shares during the period. 111 Capital's holdings in Corteva were worth $907,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peak Financial Advisors LLC acquired a new stake in shares of Corteva in the 2nd quarter valued at $505,000. Cary Street Partners Financial LLC boosted its holdings in Corteva by 20.7% in the first quarter. Cary Street Partners Financial LLC now owns 90,206 shares of the company's stock valued at $5,677,000 after acquiring an additional 15,448 shares during the last quarter. PGGM Investments increased its position in Corteva by 68.5% in the second quarter. PGGM Investments now owns 1,223,444 shares of the company's stock worth $91,183,000 after purchasing an additional 497,200 shares during the period. Goldman Sachs Group Inc. raised its holdings in Corteva by 28.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,851,993 shares of the company's stock worth $179,476,000 after purchasing an additional 634,938 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC lifted its position in Corteva by 70.3% during the 2nd quarter. S.E.E.D. Planning Group LLC now owns 164,393 shares of the company's stock valued at $12,252,000 after purchasing an additional 67,869 shares during the period. Institutional investors and hedge funds own 81.54% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CTVA. Wells Fargo & Company reissued an "overweight" rating and set a $83.00 price target (up from $82.00) on shares of Corteva in a research note on Friday, August 8th. UBS Group lifted their target price on shares of Corteva from $90.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Royal Bank Of Canada reissued an "outperform" rating on shares of Corteva in a research note on Monday, August 11th. KeyCorp reaffirmed a "sector weight" rating on shares of Corteva in a research note on Friday. Finally, Jefferies Financial Group cut their target price on Corteva from $92.00 to $85.00 in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Corteva presently has an average rating of "Moderate Buy" and a consensus target price of $80.67.

Corteva Stock Performance

CTVA stock opened at $63.36 on Friday. Corteva, Inc. has a 1-year low of $53.40 and a 1-year high of $77.41. The company has a current ratio of 1.68, a quick ratio of 1.23 and a debt-to-equity ratio of 0.06. The firm has a market cap of $43.03 billion, a PE ratio of 30.91, a P/E/G ratio of 1.43 and a beta of 0.76. The business's 50-day moving average price is $71.24 and its two-hundred day moving average price is $68.90.

Corteva (NYSE:CTVA - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.31. Corteva had a return on equity of 8.68% and a net margin of 8.16%.The company had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same quarter last year, the firm posted $1.83 earnings per share. Corteva's revenue was up 5.6% compared to the same quarter last year. As a group, research analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.18 per share. This is a boost from Corteva's previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, September 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. Corteva's dividend payout ratio is currently 35.12%.

Insider Activity

In other news, EVP Robert D. King sold 37,280 shares of the business's stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $74.20, for a total value of $2,766,176.00. Following the sale, the executive vice president directly owned 49,262 shares in the company, valued at $3,655,240.40. The trade was a 43.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Corteva 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.

Want to see what other hedge funds are holding CTVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Corteva, Inc. (NYSE:CTVA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.