California State Teachers Retirement System Grows Holdings in Corteva, Inc. $CTVA

Key Points

• California State Teachers Retirement System increased its Corteva stake by 7,664.4% in the second quarter, acquiring 138 million additional shares and bringing its ownership to 20.96%, valued at approximately $11.84 billion. Institutional investors and hedge funds collectively own 81.54% of Corteva.
• Corteva reported quarterly EPS of $2.30, exceeding estimates of $2.24, while revenue of $6.38 billion fell short of expectations and declined 1.2% year over year. The company projects fiscal 2026 EPS of $3.60–$3.80.
• The company declared a quarterly dividend of $0.18 per share, equal to an annualized yield of 0.8%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $91.50, compared with a share price of $85.95.

California State Teachers Retirement System increased its holdings in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 7,664.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,830,304 shares of the company's stock after purchasing an additional 138,029,377 shares during the period. California State Teachers Retirement System owned 20.96% of Corteva worth $11,842,228,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CTVA. BlackRock Inc. purchased a new stake in shares of Corteva in the second quarter valued at about $4,560,180,000. State Street Corp grew its holdings in shares of Corteva by 3.7% during the fourth quarter. State Street Corp now owns 36,570,876 shares of the company's stock worth $2,451,346,000 after buying an additional 1,290,071 shares during the last quarter. Franklin Resources Inc. increased its position in Corteva by 4.3% in the 4th quarter. Franklin Resources Inc. now owns 19,537,500 shares of the company's stock valued at $1,309,599,000 after acquiring an additional 805,873 shares during the period. Harris Associates L P increased its position in 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 during the period. Finally, Northern Trust Corp raised its stake in Corteva by 5.0% during the 4th quarter. Northern Trust Corp now owns 11,731,834 shares of the company's stock valued at $786,385,000 after acquiring an additional 562,550 shares during the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Corteva Stock Performance

NYSE CTVA opened at $85.95 on Wednesday. The stock has a market capitalization of $57.34 billion, a price-to-earnings ratio of 56.92, a PEG ratio of 2.70 and a beta of 0.57. The business's 50 day moving average is $83.53 and its two-hundred day moving average is $81.20. Corteva, Inc. has a 12-month low of $60.53 and a 12-month 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.

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 return on equity of 10.18% and a net margin of 5.66%.The business had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.60 billion. During the same period last year, the firm earned $2.20 EPS. The company's quarterly 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. Research analysts expect that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.18 dividend. 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 0.8%. Corteva's dividend payout ratio (DPR) is 47.68%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CTVA. Bank of America lifted their target price on Corteva from $90.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, July 20th. UBS Group cut their price target on Corteva from $89.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, August 18th. Royal Bank Of Canada reaffirmed an "overweight" rating on shares of Corteva in a report on Friday, August 28th. Citigroup lifted their price objective on shares of Corteva from $85.00 to $86.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Finally, Barclays boosted their price objective on shares of Corteva from $84.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, June 11th. Fourteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Corteva has an average rating of "Moderate Buy" and an average price target of $91.50.

About Corteva

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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