Corteva, Inc. $CTVA Stock Position Raised by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its position in Corteva, Inc. (NYSE:CTVA) by 105.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,632 shares of the company’s stock after acquiring an additional 21,853 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Corteva were worth $2,858,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Drive Wealth Management LLC increased its holdings in shares of Corteva by 3.8% in the fourth quarter. Drive Wealth Management LLC now owns 4,259 shares of the company’s stock valued at $285,000 after purchasing an additional 156 shares during the last quarter. Reynders McVeigh Capital Management LLC increased its holdings in shares of Corteva by 2.9% in the fourth quarter. Reynders McVeigh Capital Management LLC now owns 5,686 shares of the company’s stock valued at $381,000 after purchasing an additional 160 shares during the last quarter. Chesapeake Capital Corp IL increased its holdings in shares of Corteva by 0.9% in the fourth quarter. Chesapeake Capital Corp IL now owns 18,035 shares of the company’s stock valued at $1,209,000 after purchasing an additional 161 shares during the last quarter. Fox Run Management L.L.C. increased its holdings in shares of Corteva by 5.1% in the third quarter. Fox Run Management L.L.C. now owns 3,361 shares of the company’s stock valued at $227,000 after purchasing an additional 164 shares during the last quarter. Finally, IFG Advisory LLC increased its holdings in shares of Corteva by 1.7% in the third quarter. IFG Advisory LLC now owns 9,764 shares of the company’s stock valued at $660,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Rothschild & Co Redburn upped their price objective on shares of Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Mizuho upped their price objective on shares of Corteva from $82.00 to $94.00 and gave the company an “outperform” rating in a report on Wednesday, April 15th. BNP Paribas Exane upped their price objective on shares of Corteva from $74.00 to $77.00 in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Corteva from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Oppenheimer upped their price objective on shares of Corteva from $86.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Corteva presently has an average rating of “Moderate Buy” and an average target price of $88.14.

Corteva Trading Down 0.5%

Shares of Corteva stock opened at $79.20 on Wednesday. The firm has a 50-day moving average of $81.32 and a 200-day moving average of $74.27. The stock has a market cap of $52.97 billion, a PE ratio of 46.59, a PEG ratio of 2.43 and a beta of 0.59. Corteva, Inc. has a 52-week low of $60.53 and a 52-week high of $85.63. 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 (NYSE:CTVA) last announced its earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. The company had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.64 billion. Corteva had a net margin of 6.50% and a return on equity of 9.95%. Corteva’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.13 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, sell-side analysts forecast that Corteva, Inc. will post 3.72 EPS for the current year.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, June 1st. Corteva’s payout ratio is presently 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.