Corteva, Inc. $CTVA Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Corteva, Inc. (NYSE:CTVA) by 48.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,551 shares of the company’s stock after purchasing an additional 76,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Corteva were worth $19,634,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CTVA. Drummond Knight Asset Management Pty Ltd bought a new stake in Corteva during the fourth quarter worth approximately $25,713,000. Avior Wealth Management LLC lifted its stake in Corteva by 464.7% during the fourth quarter. Avior Wealth Management LLC now owns 32,901 shares of the company’s stock valued at $2,205,000 after buying an additional 27,075 shares in the last quarter. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Corteva in the fourth quarter valued at $23,679,000. Squarepoint Ops LLC boosted its position in shares of Corteva by 423.6% in the third 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. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Corteva by 23.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,075 shares of the company’s stock valued at $7,378,000 after buying an additional 20,957 shares in the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on CTVA. Weiss Ratings raised shares of Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Jefferies Financial Group upped their price target on shares of Corteva from $95.00 to $97.00 in a report on Thursday, May 7th. Citigroup raised 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. Deutsche Bank Aktiengesellschaft lifted their price objective on Corteva from $90.00 to $100.00 in a research note on Monday, May 11th. Finally, Mizuho increased their target price on Corteva from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday. Fourteen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.90.

Corteva Price Performance

Shares of CTVA stock opened at $85.63 on Friday. Corteva, Inc. has a 12 month low of $60.53 and a 12 month high of $85.95. The company has a market capitalization of $57.27 billion, a P/E ratio of 50.37, a P/E/G ratio of 2.62 and a beta of 0.56. The stock has a 50 day moving average of $79.80 and a two-hundred day moving average of $76.86. The company has a current ratio of 1.47, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07.

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

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.8%. 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.