Vontobel Holding Ltd. Has $8.15 Million Holdings in Corteva, Inc. (NYSE:CTVA)

Vontobel Holding Ltd. reduced its stake in Corteva, Inc. (NYSE:CTVA - Free Report) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,497 shares of the company's stock after selling 6,000 shares during the period. Vontobel Holding Ltd.'s holdings in Corteva were worth $8,149,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Flagship Wealth Advisors LLC acquired a new stake in shares of Corteva in the 4th quarter worth about $25,000. Pinney & Scofield Inc. bought a new position in Corteva in the 4th quarter worth about $27,000. Valley National Advisers Inc. increased its stake in shares of Corteva by 85.9% in the first quarter. Valley National Advisers Inc. now owns 526 shares of the company's stock valued at $33,000 after purchasing an additional 243 shares during the period. LGT Financial Advisors LLC bought a new stake in shares of Corteva during the fourth quarter valued at approximately $31,000. Finally, Richardson Capital Management LLC acquired a new position in shares of Corteva during the first quarter worth approximately $37,000. 81.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on the company. Morgan Stanley lifted their target price on Corteva from $65.00 to $71.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Oppenheimer restated an "outperform" rating and set a $75.00 price objective (up from $72.00) on shares of Corteva in a research note on Friday, May 9th. UBS Group upped their price objective on shares of Corteva from $74.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Barclays raised their price objective on shares of Corteva from $64.00 to $70.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Citigroup increased their price target on Corteva from $75.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Corteva has a consensus rating of "Moderate Buy" and an average target price of $72.08.

Corteva Stock Up 0.3%

Shares of CTVA stock traded up $0.24 during trading on Friday, hitting $77.24. 1,419,340 shares of the company were exchanged, compared to its average volume of 3,398,787. The business's 50-day simple moving average is $70.10 and its 200 day simple moving average is $63.95. Corteva, Inc. has a twelve month low of $50.30 and a twelve month high of $77.41. The firm has a market capitalization of $52.69 billion, a price-to-earnings ratio of 47.09, a P/E/G ratio of 1.97 and a beta of 0.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.00 and a current ratio of 1.44.

Corteva (NYSE:CTVA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.25. Corteva had a net margin of 6.77% and a return on equity of 7.84%. The company had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.56 billion. During the same quarter last year, the business posted $0.89 EPS. The company's revenue for the quarter was down 1.7% on a year-over-year basis. As a group, analysts forecast that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.68 annualized dividend and a dividend yield of 0.88%. Corteva's dividend payout ratio is 41.46%.

About Corteva

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.