Mitsubishi UFJ Asset Management Co. Ltd. Raises Stake in Corteva, Inc. $CTVA

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Corteva, Inc. (NYSE:CTVA) by 3.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,355,907 shares of the company’s stock after acquiring an additional 40,810 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Corteva were worth $91,700,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management lifted its holdings in shares of Corteva by 118.3% in the third quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $25,000 after buying an additional 200 shares in the last quarter. True Wealth Design LLC increased 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 acquiring an additional 264 shares during the period. Total Investment Management Inc. purchased a new stake in Corteva in the 2nd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new position in Corteva in the 2nd quarter valued at $29,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Corteva during the 3rd quarter valued at $29,000. 81.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CTVA. Bank of America increased their price objective on Corteva from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Wells Fargo & Company lifted their price target on Corteva from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Mizuho boosted their price objective on Corteva from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, February 17th. Citigroup raised their target price on shares of Corteva from $74.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada boosted their price target on shares of Corteva from $80.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. One 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.30.

Insider Transactions at Corteva

In other news, insider Brian Titus sold 8,311 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $76.55, for a total transaction of $636,207.05. Following the transaction, the insider directly owned 8,090 shares of the company’s stock, valued at approximately $619,289.50. This trade represents a 50.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Corteva Stock Performance

NYSE:CTVA opened at $80.01 on Friday. The business has a 50 day moving average of $71.91 and a 200 day moving average of $68.83. The company has a market capitalization of $53.81 billion, a price-to-earnings ratio of 50.64, a PEG ratio of 2.69 and a beta of 0.75. Corteva, Inc. has a 1-year low of $53.40 and a 1-year high of $80.23. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.43 and a quick ratio of 0.96.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $4.23 billion. Corteva had a net margin of 6.29% and a return on equity of 9.06%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $0.32 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, sell-side analysts predict that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 0.9%. Corteva’s payout ratio is currently 45.57%.

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.