Andra AP fonden Has $7.16 Million Holdings in Corteva, Inc. $CTVA

Andra AP fonden lessened its position in Corteva, Inc. (NYSE:CTVA - Free Report) by 32.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,507 shares of the company's stock after selling 40,751 shares during the period. Andra AP fonden's holdings in Corteva were worth $7,157,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Corteva during the second quarter worth about $4,560,180,000. Franklin Resources Inc. raised its holdings in Corteva by 4.3% during the 4th quarter. Franklin Resources Inc. now owns 19,537,500 shares of the company's stock worth $1,309,599,000 after purchasing an additional 805,873 shares during the last quarter. Independent Franchise Partners LLP lifted its position in shares of Corteva by 1.0% in the 4th quarter. Independent Franchise Partners LLP now owns 10,495,388 shares of the company's stock worth $703,506,000 after purchasing an additional 107,434 shares during the period. Wellington Management Group LLP boosted its stake in shares of Corteva by 941.7% in the 2nd 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 during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Corteva by 202.1% in the 1st quarter. Royal Bank of Canada now owns 7,458,624 shares of the company's stock valued at $624,362,000 after purchasing an additional 4,989,371 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CTVA shares. Citigroup lifted their target price on shares of Corteva from $86.00 to $91.00 and gave the stock a "neutral" rating in a research note on Thursday, September 17th. UBS Group upped their price target on shares of Corteva from $85.00 to $90.00 and gave the company a "neutral" rating in a research report on Wednesday, September 16th. Bank of America increased their price target on Corteva from $90.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Zacks Research lowered Corteva from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Finally, Mizuho boosted their price objective on Corteva from $96.00 to $97.00 and gave the company an "outperform" rating in a research note on Tuesday, July 14th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $91.90.

Corteva Trading Down 0.0%

CTVA opened at $80.31 on Thursday. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $90.97. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The company has a market cap of $53.58 billion, a P/E ratio of 53.19, a price-to-earnings-growth ratio of 2.47 and a beta of 0.57. The company has a fifty day moving average price of $82.81 and a two-hundred day moving average price of $81.51.

Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly 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 business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same quarter in the previous year, the business posted $2.20 EPS. Corteva's quarterly revenue was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. Analysts predict that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.18 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva's dividend payout ratio is presently 47.68%.

Corteva Profile

Corteva, Inc is a global agricultural science company that develops and supplies seed, crop protection and digital agriculture solutions. Its products are designed to help farmers improve crop productivity, manage pests and weeds, and address changing environmental and agricultural conditions.

The company's seed portfolio includes corn, soybean, wheat, sunflower, canola, cotton and other crop varieties marketed under brands such as Pioneer and Brevant. Corteva also provides herbicides, insecticides, fungicides and biological products, including solutions associated with its Enlist weed-control system and other crop protection technologies.

Corteva serves farmers, agricultural retailers and other customers across North America, Latin America, Europe, Asia and other international markets.

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