OMERS ADMINISTRATION Corp Takes Position in Corteva, Inc. $CTVA

Key Points

• OMERS Administration Corp. acquired 74,982 Corteva shares during the second quarter, valued at approximately $6.35 million. Institutional investors collectively own 81.54% of Corteva’s outstanding stock.
• Analysts remain broadly positive, with 14 Buy ratings and nine Holds, resulting in a “Moderate Buy” consensus and an average price target of $91.50.
• Corteva reported quarterly EPS of $2.30, exceeding estimates of $2.24, though revenue declined 1.2% year over year to $6.38 billion. The company also declared a quarterly dividend of $0.18 per share, representing a 0.9% yield.

OMERS ADMINISTRATION Corp acquired a new position in Corteva, Inc. (NYSE:CTVA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 74,982 shares of the company's stock, valued at approximately $6,350,000.

Several other institutional investors have also recently made changes to their positions in CTVA. Compass Financial Management LLC purchased a new stake in Corteva in the second quarter valued at $25,000. Elevation Wealth Partners LLC raised its stake in shares of Corteva by 334.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 339 shares of the company's stock valued at $29,000 after buying an additional 261 shares during the last quarter. Clearstead Trust LLC acquired a new position in shares of Corteva in the 2nd quarter valued at about $31,000. JPL Wealth Management LLC acquired a new position in shares of Corteva in the 3rd quarter valued at about $25,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Corteva in the second quarter worth about $33,000. Hedge funds and other institutional investors own 81.54% of the company's stock.

Analyst Upgrades and Downgrades

CTVA has been the topic of several analyst reports. Morgan Stanley raised their target price on Corteva from $84.00 to $95.00 and gave the stock an "overweight" rating in a report on Thursday, May 28th. Barclays upped their price objective on Corteva from $84.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, June 11th. Bank of America raised their price objective on shares of Corteva from $90.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Mizuho lifted their target price on shares of Corteva from $96.00 to $97.00 and gave the company an "outperform" rating in a report on Tuesday, July 14th. Finally, BNP Paribas Exane increased their price target on shares of Corteva from $74.00 to $77.00 in a report on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $91.50.

Corteva Stock Performance

Shares of CTVA stock opened at $82.74 on Tuesday. 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, Inc. has a 12-month low of $60.53 and a 12-month high of $90.97. The business's 50 day moving average is $82.27 and its two-hundred day moving average is $80.32. The company has a market capitalization of $55.21 billion, a P/E ratio of 54.80, a P/E/G ratio of 2.51 and a beta of 0.57.

Corteva (NYSE:CTVA - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. The business had revenue of $6.38 billion during the quarter, compared to analysts' expectations of $6.60 billion. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The business's revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.20 earnings per share. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. Analysts expect that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Corteva's payout ratio is presently 47.68%.

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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