98,165 Shares in Corteva, Inc. $CTVA Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Corteva, Inc. (NYSE:CTVA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 98,165 shares of the company’s stock, valued at approximately $8,314,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CTVA. JPL Wealth Management LLC bought a new stake in shares of Corteva in the third quarter worth $25,000. Compass Financial Management LLC acquired a new stake in Corteva in the 2nd quarter valued at about $25,000. EFG International AG bought a new position in shares of Corteva during the 2nd quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Corteva in the fourth quarter valued at $27,000. Finally, Bank of Jackson Hole Trust acquired a new position in Corteva in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Corteva Stock Performance

Shares of Corteva stock opened at $84.00 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.52 and a quick ratio of 1.10. Corteva, Inc. has a one year low of $60.53 and a one year high of $90.97. The business has a 50-day simple moving average of $82.69 and a 200 day simple moving average of $80.54. The firm has a market capitalization of $56.04 billion, a price-to-earnings ratio of 55.63, a PEG ratio of 2.53 and a beta of 0.57.

Corteva (NYSE:CTVA) last issued its earnings results on Thursday, July 30th. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.60 billion. During the same period last year, the business earned $2.20 EPS. Corteva’s quarterly revenue was down 1.2% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. On average, research analysts anticipate 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 Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Corteva’s dividend payout ratio is presently 47.68%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BNP Paribas Exane upped their price objective on Corteva from $74.00 to $77.00 in a report on Wednesday, May 6th. Morgan Stanley lifted their price objective on shares of Corteva from $84.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Mizuho boosted their target price on Corteva from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. CICC Research boosted their price objective on Corteva from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, UBS Group reduced their target price on shares of Corteva from $89.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, August 18th. Fourteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $91.50.

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.