Jupiter Asset Management Ltd. Purchases New Position in Corteva, Inc. $CTVA

Jupiter Asset Management Ltd. acquired a new position in Corteva, Inc. (NYSE:CTVA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 976,446 shares of the company’s stock, valued at approximately $66,037,000. Jupiter Asset Management Ltd. owned about 0.14% of Corteva as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Corteva during the second quarter valued at about $434,220,000. Pacer Advisors Inc. increased its holdings in Corteva by 4,007.1% in the 3rd quarter. Pacer Advisors Inc. now owns 2,442,177 shares of the company’s stock worth $165,164,000 after acquiring an additional 2,382,715 shares in the last quarter. Marshall Wace LLP raised its stake in Corteva by 1,365.9% during the 2nd quarter. Marshall Wace LLP now owns 1,809,764 shares of the company’s stock worth $134,882,000 after acquiring an additional 1,686,309 shares during the period. National Pension Service lifted its holdings in Corteva by 148.4% during the second quarter. National Pension Service now owns 2,454,601 shares of the company’s stock valued at $182,941,000 after purchasing an additional 1,466,268 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in shares of Corteva by 566.0% in the second quarter. Qube Research & Technologies Ltd now owns 1,247,120 shares of the company’s stock worth $92,948,000 after purchasing an additional 1,059,872 shares during the period. 81.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Corteva in a research note on Thursday, February 5th. Wells Fargo & Company upped their price target on Corteva from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Wall Street Zen downgraded shares of Corteva from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. CICC Research increased their price objective on shares of Corteva from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Finally, Mizuho increased their price target on Corteva from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Corteva currently has a consensus rating of “Moderate Buy” and an average target price of $82.30.

Corteva Stock Up 0.5%

Shares of CTVA opened at $77.00 on Friday. The firm has a market capitalization of $51.78 billion, a P/E ratio of 48.74, a P/E/G ratio of 2.61 and a beta of 0.75. Corteva, Inc. has a 12-month low of $53.40 and a 12-month high of $77.41. The firm has a fifty day moving average price of $70.51 and a 200-day moving average price of $68.57. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $3.91 billion during the quarter, compared to analysts’ expectations of $4.23 billion. Corteva had a net margin of 6.29% and a return on equity of 9.06%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities research analysts expect that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. Corteva’s dividend payout ratio is presently 45.57%.

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.