Barings LLC Sells 42,916 Shares of Corteva, Inc. $CTVA

Barings LLC cut its stake in shares of Corteva, Inc. (NYSE:CTVA) by 36.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,807 shares of the company’s stock after selling 42,916 shares during the quarter. Barings LLC’s holdings in Corteva were worth $5,014,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CTVA. Norges Bank bought a new position in Corteva in the 4th quarter worth $504,001,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Corteva by 6,527.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,148,212 shares of the company’s stock worth $211,025,000 after buying an additional 3,100,709 shares during the period. Perpetual Ltd boosted its holdings in Corteva by 78,688.5% in the 4th quarter. Perpetual Ltd now owns 2,615,779 shares of the company’s stock worth $175,336,000 after buying an additional 2,612,459 shares during the period. Amundi boosted its holdings in Corteva by 125.3% in the 3rd quarter. Amundi now owns 3,415,554 shares of the company’s stock worth $219,620,000 after buying an additional 1,899,248 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Corteva by 423.6% in the 3rd quarter. Squarepoint Ops LLC now owns 1,738,139 shares of the company’s stock worth $117,550,000 after buying an additional 1,406,199 shares during the period. Institutional investors own 81.54% of the company’s stock.

Analyst Upgrades and Downgrades

CTVA has been the subject of several recent analyst reports. Citigroup upped their price target on Corteva from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley upped their price target on Corteva from $84.00 to $95.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Jefferies Financial Group upped their price target on Corteva from $95.00 to $97.00 in a research note on Thursday, May 7th. Weiss Ratings upgraded Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Mizuho upped their price target on Corteva from $82.00 to $94.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 15th. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.81.

Corteva Stock Up 0.5%

CTVA opened at $74.85 on Friday. The firm has a 50-day simple moving average of $80.54 and a two-hundred day simple moving average of $75.30. Corteva, Inc. has a 52 week low of $60.53 and a 52 week high of $85.63. The company has a market capitalization of $50.06 billion, a PE ratio of 44.03, a price-to-earnings-growth ratio of 2.28 and a beta of 0.57. The company has a quick ratio of 1.03, a current ratio of 1.47 and a debt-to-equity ratio of 0.07.

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

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. Corteva’s dividend payout ratio (DPR) is presently 42.35%.

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.