NEOS Investment Management LLC Purchases 12,819 Shares of Corteva, Inc. $CTVA

Key Points

• NEOS Investment Management increased its Corteva stake by 13.3% in the second quarter, acquiring 12,819 additional shares for a total holding of 109,340 shares valued at approximately $9.26 million.
• Institutional ownership remains substantial at 81.54%, with Wellington Management raising its position by 941.7% and several other firms initiating new stakes.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $91.50. Corteva recently exceeded quarterly EPS expectations, though revenue declined 1.2% year over year, and it declared a quarterly dividend of $0.18 per share.

NEOS Investment Management LLC increased its holdings in Corteva, Inc. (NYSE:CTVA - Free Report) by 13.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 109,340 shares of the company's stock after acquiring an additional 12,819 shares during the quarter. NEOS Investment Management LLC's holdings in Corteva were worth $9,260,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in Corteva by 941.7% in the second quarter. Wellington Management Group LLP now owns 7,612,704 shares of the company's stock worth $644,720,000 after purchasing an additional 6,881,875 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Corteva in the 2nd quarter valued at about $9,132,000. Kingsview Wealth Management LLC purchased a new position in shares of Corteva in the 2nd quarter worth approximately $1,093,000. Arbejdsmarkedets Tillaegspension bought a new position in shares of Corteva during the 4th quarter worth approximately $23,679,000. Finally, Jupiter Topco LLC purchased a new stake in Corteva during the second quarter valued at approximately $544,246,000. Hedge funds and other institutional investors own 81.54% of the company's stock.

Analyst Ratings Changes

CTVA has been the subject of several recent analyst reports. Barclays raised their target price 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. UBS Group decreased their price objective on Corteva from $89.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, August 18th. Bank of America raised their price objective on Corteva from $90.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Citigroup upped their target price on Corteva from $85.00 to $86.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Finally, Oppenheimer increased their price target on Corteva from $89.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, July 23rd. Fourteen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $91.50.

Corteva Stock Down 0.9%

CTVA stock opened at $87.78 on Friday. The company has a market capitalization of $58.57 billion, a P/E ratio of 58.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.57. Corteva, Inc. has a 12 month low of $60.53 and a 12 month high of $90.97. The firm's fifty day simple moving average is $83.42 and its 200-day simple moving average is $81.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.52 and a quick ratio of 1.10.

Corteva (NYSE:CTVA - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.60 billion. During the same quarter last year, the company posted $2.20 earnings per share. The firm'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, equities research analysts forecast that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Dividend Announcement

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 paid a $0.18 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. Corteva's dividend payout ratio is presently 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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