ProShare Advisors LLC Has $9.81 Million Stock Position in Corteva, Inc. $CTVA

ProShare Advisors LLC raised its holdings in Corteva, Inc. (NYSE:CTVA) by 10.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 146,416 shares of the company’s stock after acquiring an additional 14,257 shares during the quarter. ProShare Advisors LLC’s holdings in Corteva were worth $9,814,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Drive Wealth Management LLC increased its position in Corteva by 3.8% in the 4th quarter. Drive Wealth Management LLC now owns 4,259 shares of the company’s stock valued at $285,000 after acquiring an additional 156 shares during the period. Reynders McVeigh Capital Management LLC increased its position in shares of Corteva by 2.9% during the fourth quarter. Reynders McVeigh Capital Management LLC now owns 5,686 shares of the company’s stock worth $381,000 after buying an additional 160 shares during the period. Chesapeake Capital Corp IL increased its position in shares of Corteva by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 18,035 shares of the company’s stock worth $1,209,000 after buying an additional 161 shares during the period. Fox Run Management L.L.C. increased its position in shares of Corteva by 5.1% during the third quarter. Fox Run Management L.L.C. now owns 3,361 shares of the company’s stock worth $227,000 after buying an additional 164 shares during the period. Finally, IFG Advisory LLC increased its position in shares of Corteva by 1.7% during the third quarter. IFG Advisory LLC now owns 9,764 shares of the company’s stock worth $660,000 after buying an additional 166 shares during the period. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CTVA shares. Citigroup increased their price objective on shares of Corteva from $83.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Oppenheimer increased their price objective on shares of Corteva from $86.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group increased their price objective on shares of Corteva from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Berenberg Bank increased their price objective on shares of Corteva from $68.00 to $78.00 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Finally, Argus increased their price objective on shares of Corteva from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Tuesday, March 31st. Thirteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.14.

Corteva Stock Up 0.5%

Corteva stock opened at $79.16 on Friday. Corteva, Inc. has a 1-year low of $60.53 and a 1-year high of $85.63. The firm has a market capitalization of $52.95 billion, a price-to-earnings ratio of 46.57, a price-to-earnings-growth ratio of 2.41 and a beta of 0.59. The firm’s fifty day moving average price is $81.31 and its two-hundred day moving average price is $73.92. 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 released its quarterly earnings data 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 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 analyst estimates of $4.64 billion. During the same period last year, the firm earned $1.13 earnings per share. The business’s quarterly 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. On average, equities research analysts predict that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, June 1st. Corteva’s dividend payout ratio (DPR) is 42.35%.

About Corteva

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.