Susquehanna Fundamental Investments LLC Buys Shares of 333,746 Corteva, Inc. (NYSE:CTVA)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Corteva, Inc. (NYSE:CTVA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 333,746 shares of the company's stock, valued at approximately $19,010,000.

Other institutional investors have also added to or reduced their stakes in the company. Stonebridge Capital Advisors LLC raised its position in Corteva by 2.2% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 130,779 shares of the company's stock valued at $7,449,000 after acquiring an additional 2,810 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in Corteva by 4.4% in the 4th quarter. Integrated Wealth Concepts LLC now owns 20,820 shares of the company's stock worth $1,186,000 after purchasing an additional 873 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Corteva by 17.6% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 767,137 shares of the company's stock worth $43,696,000 after purchasing an additional 114,600 shares in the last quarter. MGO One Seven LLC raised its position in shares of Corteva by 5.7% during the 4th quarter. MGO One Seven LLC now owns 7,641 shares of the company's stock valued at $435,000 after buying an additional 411 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Corteva by 97.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,961,440 shares of the company's stock valued at $111,726,000 after buying an additional 967,118 shares during the period. Hedge funds and other institutional investors own 81.54% of the company's stock.

Insider Activity

In related news, insider Brian Titus sold 26,560 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the transaction, the insider now directly owns 11,347 shares in the company, valued at approximately $723,257.78. The trade was a 70.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on CTVA. Oppenheimer boosted their price target on shares of Corteva from $70.00 to $72.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Argus upgraded Corteva from a "hold" rating to a "buy" rating and set a $69.00 target price on the stock in a research note on Monday, March 31st. KeyCorp lifted their price target on Corteva from $70.00 to $71.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. Bank of America boosted their target price on Corteva from $69.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Citigroup boosted their price target on Corteva from $69.00 to $74.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, Corteva currently has an average rating of "Moderate Buy" and an average target price of $68.13.

Corteva Stock Up 0.3 %

Shares of NYSE:CTVA traded up $0.17 during midday trading on Thursday, hitting $62.16. The stock had a trading volume of 1,068,881 shares, compared to its average volume of 3,573,322. Corteva, Inc. has a 12 month low of $50.01 and a 12 month high of $66.24. The company has a quick ratio of 0.93, a current ratio of 1.45 and a debt-to-equity ratio of 0.08. The business's 50-day simple moving average is $60.62 and its 200-day simple moving average is $60.49. The company has a market cap of $42.45 billion, a P/E ratio of 48.18, a PEG ratio of 1.68 and a beta of 0.73.

Corteva (NYSE:CTVA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. On average, sell-side analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.09%. Corteva's payout ratio is currently 52.71%.

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.