12,390 Shares in Corteva, Inc. $CTVA Purchased by Landscape Capital Management L.L.C.

Key Points

• Institutional interest in Corteva increased: Landscape Capital Management acquired 12,390 shares valued at approximately $1.05 million, while several major institutions—including BlackRock, Norges Bank and Bank of New York Mellon—also added positions. Institutions and hedge funds now own 81.54% of the stock.
• Analyst sentiment remains favorable: Corteva has a “Moderate Buy” consensus rating, with 14 Buy ratings and nine Holds, and an average price target of $91.50. Several firms recently raised their targets, including Royal Bank of Canada to $103.
• Quarterly results were mixed: Corteva beat earnings expectations with $2.30 in adjusted EPS versus $2.24 expected, but revenue fell 1.2% year over year to $6.38 billion, below estimates. The company also declared a quarterly dividend of $0.18 per share, for an annualized yield of about 0.9%.

Landscape Capital Management L.L.C. acquired a new position in shares of Corteva, Inc. (NYSE:CTVA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,390 shares of the company's stock, valued at approximately $1,049,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CTVA. BlackRock Inc. purchased a new position in shares of Corteva in the second quarter worth approximately $4,560,180,000. Harris Associates L P lifted its position in shares of Corteva by 168.1% in the 4th quarter. Harris Associates L P now owns 17,026,221 shares of the company's stock valued at $1,141,268,000 after acquiring an additional 10,675,052 shares in the last quarter. Norges Bank purchased a new stake in shares of Corteva in the 4th quarter valued at approximately $504,001,000. Royal Bank of Canada boosted its stake in Corteva by 202.1% in the 1st quarter. Royal Bank of Canada now owns 7,458,624 shares of the company's stock worth $624,362,000 after purchasing an additional 4,989,371 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Corteva in the 2nd quarter worth approximately $392,447,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Jefferies Financial Group boosted their target price on shares of Corteva from $95.00 to $97.00 in a research note on Thursday, May 7th. BNP Paribas Exane raised their target price on Corteva from $74.00 to $77.00 in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price target on Corteva from $77.00 to $83.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Mizuho upped their price target on Corteva from $96.00 to $97.00 and gave the company an "outperform" rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada increased their price objective on Corteva from $97.00 to $103.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 21st. Fourteen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $91.50.

Corteva Stock Up 0.1%

CTVA stock opened at $81.84 on Monday. Corteva, Inc. has a 12-month low of $60.53 and a 12-month high of $90.97. 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 company has a market cap of $54.60 billion, a price-to-earnings ratio of 54.20, a PEG ratio of 2.51 and a beta of 0.57. The company has a 50 day moving average of $82.13 and a two-hundred day moving average of $80.26.

Corteva (NYSE:CTVA - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.30 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $6.60 billion. During the same period in the previous year, the company posted $2.20 EPS. Corteva's revenue was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, equities analysts anticipate that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors 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 dividend on an annualized basis and a yield of 0.9%. Corteva's dividend payout ratio (DPR) is presently 47.68%.

Corteva 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.

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