38,546 Shares in Corteva, Inc. $CTVA Acquired by Plato Investment Management Ltd

Key Points

• Plato Investment Management acquired 38,546 Corteva shares in the second quarter, valued at approximately $3.25 million. Institutional investors collectively own 81.54% of the company.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $91.70; 14 analysts rate the stock a Buy and nine rate it a Hold.
• Corteva exceeded quarterly earnings expectations with EPS of $2.30, although revenue declined 1.2% year over year to $6.38 billion. The company also declared a quarterly dividend of $0.18 per share, equal to a 0.9% annualized yield.

Plato Investment Management Ltd acquired a new stake in shares of Corteva, Inc. (NYSE:CTVA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 38,546 shares of the company's stock, valued at approximately $3,245,000.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Corteva by 307.2% during the fourth quarter. Brighton Jones LLC now owns 15,588 shares of the company's stock valued at $888,000 after acquiring an additional 11,760 shares during the period. Woodline Partners LP boosted its stake in shares of Corteva by 40.3% in the first quarter. Woodline Partners LP now owns 57,919 shares of the company's stock worth $3,645,000 after acquiring an additional 16,644 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Corteva by 62.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,559 shares of the company's stock worth $191,000 after purchasing an additional 980 shares in the last quarter. Cresset Asset Management LLC grew its position in shares of Corteva by 2.6% during the second quarter. Cresset Asset Management LLC now owns 7,063 shares of the company's stock worth $526,000 after purchasing an additional 181 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Corteva during the 2nd quarter valued at approximately $1,464,000. Hedge funds and other institutional investors own 81.54% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CTVA. Bank of America lifted their price target on shares of Corteva from $90.00 to $96.00 and gave the company a "buy" rating in a report on Monday, July 20th. Barclays lifted their target price on Corteva from $84.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, June 11th. Jefferies Financial Group boosted their target price on Corteva from $95.00 to $97.00 in a research report on Thursday, May 7th. Wells Fargo & Company increased their price target on Corteva from $85.00 to $90.00 and gave the company an "overweight" rating in a research note on Tuesday, April 21st. Finally, CICC Research raised their price target on Corteva from $80.00 to $93.00 and gave the company an "outperform" rating in a report on Wednesday, May 13th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Corteva has a consensus rating of "Moderate Buy" and a consensus price target of $91.70.

Corteva Price Performance

Shares of CTVA stock opened at $76.65 on Monday. The stock has a 50 day moving average price of $81.79 and a 200 day moving average price of $80.07. Corteva, Inc. has a 52-week low of $60.53 and a 52-week high of $90.97. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.10 and a current ratio of 1.52. The firm has a market capitalization of $51.14 billion, a P/E ratio of 50.76, a P/E/G ratio of 2.35 and a beta of 0.57.

Corteva (NYSE:CTVA - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same quarter last year, the firm posted $2.20 earnings per share. The business's revenue 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, sell-side analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 0.9%. Corteva's dividend payout ratio (DPR) 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.

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