Nordea Investment Management AB Has $5.10 Million Position in Corteva, Inc. $CTVA

Nordea Investment Management AB lifted its stake in shares of Corteva, Inc. (NYSE:CTVA) by 27.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 75,675 shares of the company’s stock after buying an additional 16,261 shares during the quarter. Nordea Investment Management AB’s holdings in Corteva were worth $5,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gladwyn Financial Advisors Inc. bought a new stake in shares of Corteva during the second quarter worth approximately $25,000. True Wealth Design LLC lifted its holdings in Corteva by 209.5% during the 3rd quarter. True Wealth Design LLC now owns 390 shares of the company’s stock worth $26,000 after purchasing an additional 264 shares during the last quarter. Total Investment Management Inc. bought a new stake in Corteva in the 2nd quarter valued at $27,000. Curat Global LLC grew its holdings in Corteva by 93.7% in the 2nd quarter. Curat Global LLC now owns 370 shares of the company’s stock valued at $28,000 after buying an additional 179 shares in the last quarter. Finally, Maryland Capital Advisors Inc. bought a new position in Corteva during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CTVA shares. KeyCorp restated a “sector weight” rating on shares of Corteva in a research note on Friday, October 3rd. Bank of America boosted their price objective on shares of Corteva from $80.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Corteva from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. The Goldman Sachs Group boosted their price target on Corteva from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Finally, Argus reduced their price target on Corteva from $83.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.84.

Corteva Stock Down 1.2%

Shares of CTVA opened at $69.65 on Friday. The firm has a 50 day simple moving average of $66.79 and a two-hundred day simple moving average of $68.62. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.58 and a quick ratio of 1.07. Corteva, Inc. has a one year low of $53.40 and a one year high of $77.41. The company has a market cap of $47.06 billion, a P/E ratio of 29.77, a P/E/G ratio of 1.41 and a beta of 0.74.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.26. Corteva had a return on equity of 9.37% and a net margin of 9.19%.The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the company posted ($0.49) EPS. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Research analysts forecast that Corteva, Inc. will post 2.96 EPS for the current fiscal year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.18 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. Corteva’s dividend payout ratio is 30.77%.

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.