MUFG Securities EMEA plc Boosts Holdings in Corteva, Inc. $CTVA

MUFG Securities EMEA plc raised its holdings in Corteva, Inc. (NYSE:CTVA) by 1,268.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 177,858 shares of the company’s stock after purchasing an additional 164,860 shares during the quarter. MUFG Securities EMEA plc’s holdings in Corteva were worth $11,922,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new stake in Corteva in the third quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of Corteva in the third quarter worth about $29,000. Basepoint Wealth LLC acquired a new position in shares of Corteva in the fourth quarter worth about $30,000. Jackson Grant Investment Advisers Inc. raised its position in shares of Corteva by 90.6% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 448 shares of the company’s stock worth $30,000 after acquiring an additional 213 shares during the period. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Corteva in the third quarter worth about $33,000. 81.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CTVA. Mizuho upped their price objective on shares of Corteva from $82.00 to $94.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. downgraded shares of Corteva from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $75.00 to $77.00 in a research report on Thursday, February 5th. Citigroup upped their price objective on shares of Corteva from $83.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Argus upped their price objective on shares of Corteva from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Finally, Berenberg Bank upped their price objective on shares of Corteva from $68.00 to $78.00 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.67.

Corteva Stock Up 0.2%

CTVA opened at $78.41 on Monday. Corteva, Inc. has a twelve month low of $60.53 and a twelve month high of $85.63. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $81.33 and a 200 day moving average price of $74.60. The company has a market cap of $52.44 billion, a PE ratio of 46.12, a price-to-earnings-growth ratio of 2.39 and a beta of 0.57.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.32. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Sell-side analysts expect that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, June 1st. Corteva’s dividend payout ratio is 42.35%.

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.