Corteva, Inc. $CTVA Stake Trimmed by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its holdings in Corteva, Inc. (NYSE:CTVA) by 18.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 204,048 shares of the company’s stock after selling 47,463 shares during the period. Illinois Municipal Retirement Fund’s holdings in Corteva were worth $15,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Corteva during the 2nd quarter worth approximately $4,560,180,000. Wellington Management Group LLP increased its holdings in shares of Corteva by 941.7% during the second quarter. Wellington Management Group LLP now owns 7,612,704 shares of the company’s stock worth $644,720,000 after purchasing an additional 6,881,875 shares during the period. Jupiter Topco LLC acquired a new stake in shares of Corteva in the second quarter valued at approximately $544,246,000. Bank of America Corp DE acquired a new stake in shares of Corteva in the second quarter valued at approximately $484,927,000. Finally, Legal & General Group Plc bought a new stake in shares of Corteva in the second quarter valued at approximately $482,836,000. Institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

CTVA has been the topic of a number of analyst reports. BMO Capital Markets set a $15.00 price target on Corteva in a research report on Friday, October 2nd. Deutsche Bank restated a “buy” rating and set a $101.00 price objective on shares of Corteva in a research note on Monday, August 3rd. Bank of America lifted their price objective on Corteva from $90.00 to $96.00 and gave the company a “buy” rating in a report on Monday, July 20th. UBS Group cut their target price on Corteva to $15.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Finally, Argus reissued a “buy” rating and set a $91.00 target price on shares of Corteva in a report on Friday, September 18th. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Corteva currently has a consensus rating of “Moderate Buy” and an average target price of $60.59.

Corteva Price Performance

Shares of NYSE:CTVA opened at $12.20 on Thursday. The firm has a 50 day moving average of $40.43 and a 200-day moving average of $70.20. The stock has a market capitalization of $8.14 billion, a PE ratio of 3.21, a PEG ratio of 1.70 and a beta of 0.58. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a 12 month low of $11.24 and a 12 month high of $90.97.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Wednesday, November 11th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.77 billion. Corteva had a net margin of 5.66% and a return on equity of 10.18%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) EPS. Corteva has set its FY 2026 guidance at 0.760-0.800 EPS. On average, equities research analysts predict that Corteva, Inc. will post 1.05 EPS for the current fiscal year.

Corteva Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.05 per share. This is a decrease from Corteva’s previous quarterly dividend of $0.18. This represents a $0.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, December 1st. Corteva’s dividend payout ratio (DPR) is presently 47.68%.

About Corteva

Corteva, Inc. is an agricultural science company that develops and supplies products and services for farmers. Its business focuses on seeds and crop protection, including technologies intended to help improve crop performance and manage weeds, insects, and plant diseases. Its seed portfolio includes corn, soybean, and other crop varieties, sold under brands such as Pioneer and Brevant. Corteva’s crop protection offerings include herbicides, insecticides, fungicides, and biological products, alongside digital tools and services that support farm decision-making.