56,998 Shares in Corteva, Inc. $CTVA Acquired by Meiji Yasuda America Inc

Meiji Yasuda America Inc purchased a new position in Corteva, Inc. (NYSE:CTVA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 56,998 shares of the company’s stock, valued at approximately $3,821,000.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Corteva by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 80,536,951 shares of the company’s stock worth $5,398,392,000 after purchasing an additional 317,538 shares during the last quarter. State Street Corp lifted its holdings in shares of Corteva by 3.6% in the 3rd quarter. State Street Corp now owns 35,280,805 shares of the company’s stock worth $2,386,041,000 after purchasing an additional 1,230,074 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Corteva by 4.3% in the 4th quarter. Franklin Resources Inc. now owns 19,537,500 shares of the company’s stock worth $1,309,599,000 after purchasing an additional 805,873 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Corteva by 1.8% in the 3rd quarter. Northern Trust Corp now owns 11,169,284 shares of the company’s stock worth $755,379,000 after purchasing an additional 194,728 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Corteva in the 4th quarter worth approximately $504,001,000. Institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

CTVA has been the topic of several recent research reports. UBS Group cut their price target on Corteva from $90.00 to $86.00 and set a “neutral” rating on the stock in a report on Tuesday. Oppenheimer raised their target price on Corteva from $86.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Rothschild & Co Redburn raised their target price on Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada raised their target price on Corteva from $95.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Corteva from $90.00 to $100.00 in a research report on Monday, May 11th. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.81.

Corteva Stock Up 0.5%

CTVA opened at $74.85 on Friday. Corteva, Inc. has a 12 month low of $60.53 and a 12 month high of $85.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03. The stock has a market cap of $50.06 billion, a P/E ratio of 44.03, a P/E/G ratio of 2.28 and a beta of 0.57. The stock’s 50 day moving average price is $80.54 and its 200 day moving average price is $75.30.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.64 billion. During the same period last year, the firm earned $1.13 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. As a group, research analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current year.

Corteva Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.18 per share. The ex-dividend date is Monday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. Corteva’s dividend payout ratio (DPR) is 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.