MUFG Securities EMEA plc Increases Position in Corteva, Inc. $CTVA

MUFG Securities EMEA plc boosted its holdings in shares of Corteva, Inc. (NYSE:CTVA) by 1,268.3% in the 4th quarter, Holdings Channel reports. The fund owned 177,858 shares of the company’s stock after acquiring 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.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Corteva by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 80,536,951 shares of the company’s stock valued at $5,398,392,000 after acquiring an additional 317,538 shares in the last quarter. State Street Corp grew its stake in Corteva by 3.6% during the 3rd quarter. State Street Corp now owns 35,280,805 shares of the company’s stock valued at $2,386,041,000 after acquiring an additional 1,230,074 shares in the last quarter. Franklin Resources Inc. grew its stake in Corteva by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 18,731,627 shares of the company’s stock valued at $1,266,820,000 after acquiring an additional 1,051,389 shares in the last quarter. Northern Trust Corp grew its stake in Corteva by 1.8% during the 3rd quarter. Northern Trust Corp now owns 11,169,284 shares of the company’s stock valued at $755,379,000 after acquiring an additional 194,728 shares in the last quarter. Finally, Norges Bank purchased a new stake in Corteva during the 4th quarter valued at about $504,001,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Corteva Stock Performance

NYSE:CTVA opened at $78.41 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47. Corteva, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $85.63. The stock has a market capitalization of $52.44 billion, a P/E ratio of 46.12, a PEG ratio of 2.39 and a beta of 0.57. The company has a 50 day moving average price of $81.33 and a 200 day moving average price of $74.60.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, beating 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 company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.64 billion. During the same quarter last year, the company posted $1.13 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Equities research analysts forecast that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, June 1st. Corteva’s dividend payout ratio (DPR) is currently 42.35%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CTVA. Wolfe Research upped their price objective on shares of Corteva from $81.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Royal Bank Of Canada lifted their price target on shares of Corteva from $95.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Berenberg Bank upped their price objective on Corteva from $68.00 to $78.00 and gave the company a “hold” rating in a report on Thursday, March 26th. Citigroup increased their price objective on Corteva from $83.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Corteva from $90.00 to $100.00 in a research report on Monday, May 11th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Corteva has a consensus rating of “Moderate Buy” and a consensus price target of $88.67.

Corteva 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.