Barings LLC Trims Holdings in Corteva, Inc. $CTVA

Barings LLC lowered its holdings in Corteva, Inc. (NYSE:CTVA) by 12.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 65,361 shares of the company’s stock after selling 9,446 shares during the quarter. Barings LLC’s holdings in Corteva were worth $5,471,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in Corteva by 6.5% during the 1st quarter. Bessemer Group Inc. now owns 84,888 shares of the company’s stock valued at $7,105,000 after purchasing an additional 5,162 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Corteva by 93.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 133,526 shares of the company’s stock valued at $11,191,000 after acquiring an additional 64,327 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of Corteva during the 1st quarter worth approximately $294,000. Prosperity Consulting Group LLC bought a new position in shares of Corteva in the 1st quarter worth approximately $251,000. Finally, Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Corteva in the 1st quarter worth approximately $3,457,000. 81.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup lifted their price target on Corteva from $83.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Berenberg Bank raised their price objective on Corteva from $68.00 to $78.00 and gave the company a “hold” rating in a research report on Thursday, March 26th. Barclays boosted their target price on shares of Corteva from $84.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. BNP Paribas Exane increased their price target on shares of Corteva from $74.00 to $77.00 in a research note on Wednesday, May 6th. Finally, Mizuho lifted their price target on shares of Corteva from $96.00 to $97.00 and gave the company an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Corteva currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.95.

Corteva Stock Performance

CTVA stock opened at $86.74 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03. Corteva, Inc. has a 1 year low of $60.53 and a 1 year high of $87.69. The company has a market cap of $58.01 billion, a P/E ratio of 51.02, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. The stock’s fifty day moving average price is $80.74 and its 200-day moving average price is $78.13.

Corteva (NYSE:CTVA) last posted its earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.32. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. Corteva’s revenue was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, equities analysts forecast that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, June 1st. Corteva’s dividend payout ratio (DPR) is currently 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.