Man Group plc Acquires New Holdings in Corteva, Inc. $CTVA

Man Group plc bought a new position in shares of Corteva, Inc. (NYSE:CTVA) in the second quarter, HoldingsChannel reports. The firm bought 34,527 shares of the company’s stock, valued at approximately $2,924,000.

A number of other institutional investors have also recently bought and sold shares of the stock. William B. Walkup & Associates Inc. lifted its position in Corteva by 2.9% in the 1st quarter. William B. Walkup & Associates Inc. now owns 4,457 shares of the company’s stock valued at $373,000 after acquiring an additional 126 shares in the last quarter. Wilkerson Advisory Group LLC increased its holdings in Corteva by 6.7% during the 1st quarter. Wilkerson Advisory Group LLC now owns 2,112 shares of the company’s stock worth $177,000 after purchasing an additional 133 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in Corteva by 2.4% during the 1st quarter. AdvisorNet Financial Inc now owns 5,694 shares of the company’s stock worth $477,000 after purchasing an additional 135 shares in the last quarter. First Horizon Corp raised its stake in shares of Corteva by 9.2% in the 1st quarter. First Horizon Corp now owns 1,600 shares of the company’s stock valued at $134,000 after purchasing an additional 135 shares during the period. Finally, Aviance Capital Partners LLC lifted its holdings in shares of Corteva by 1.3% in the first quarter. Aviance Capital Partners LLC now owns 11,008 shares of the company’s stock valued at $922,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group lifted their target price on Corteva from $95.00 to $97.00 in a research report on Thursday, May 7th. Bank of America boosted their price objective on shares of Corteva from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. UBS Group decreased their target price on shares of Corteva from $89.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, August 18th. Morgan Stanley boosted their price target on shares of Corteva from $84.00 to $95.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings downgraded shares of Corteva from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Corteva Price Performance

Shares of CTVA opened at $84.74 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $82.81 and its 200 day simple moving average is $80.66. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $90.97. The company has a market cap of $56.54 billion, a price-to-earnings ratio of 56.12, a PEG ratio of 2.58 and a beta of 0.57.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Thursday, July 30th. The company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.06. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period in the previous year, the business earned $2.20 EPS. Corteva’s revenue for the quarter 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 forecast that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.8%. Corteva’s payout ratio is presently 47.68%.

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.