Jefferies Financial Group Inc. Buys 172,310 Shares of Corteva, Inc. $CTVA

Jefferies Financial Group Inc. acquired a new position in Corteva, Inc. (NYSE:CTVA) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 172,310 shares of the company’s stock, valued at approximately $13,380,000.

A number of other large investors have also recently added to or reduced their stakes in CTVA. Parkside Financial Bank & Trust raised its stake in Corteva by 3.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,729 shares of the company’s stock valued at $316,000 after purchasing an additional 116 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Corteva by 0.5% during the 2nd quarter. HB Wealth Management LLC now owns 23,822 shares of the company’s stock worth $2,018,000 after purchasing an additional 128 shares during the last quarter. Wilkerson Advisory Group LLC grew its holdings in shares of Corteva by 6.7% during the first quarter. Wilkerson Advisory Group LLC now owns 2,112 shares of the company’s stock worth $177,000 after buying an additional 133 shares in the last quarter. Aviance Capital Partners LLC raised its position in shares of Corteva by 1.3% in the first quarter. Aviance Capital Partners LLC now owns 11,008 shares of the company’s stock valued at $922,000 after buying an additional 137 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Corteva by 3.2% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,762 shares of the company’s stock valued at $403,000 after buying an additional 147 shares during the last quarter. 81.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and set a $20.00 target price on shares of Corteva in a research report on Thursday, October 8th. Citigroup boosted their price target on Corteva from $86.00 to $91.00 and gave the company a “neutral” rating in a report on Thursday, September 17th. BMO Capital Markets set a $15.00 price target on Corteva in a research note on Friday, October 2nd. KeyCorp upgraded shares of Corteva from a “sector weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a report on Wednesday, October 7th. Finally, Argus reiterated a “buy” rating and issued a $91.00 target price on shares of Corteva in a report on Friday, September 18th. Sixteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Corteva currently has a consensus rating of “Moderate Buy” and an average price target of $60.59.

Corteva Stock Up 0.2%

Shares of NYSE CTVA opened at $12.20 on Thursday. Corteva, Inc. has a 12-month low of $11.24 and a 12-month high of $90.97. The company has a market cap of $8.14 billion, a P/E ratio of 8.08, a P/E/G 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. The stock has a fifty day moving average price of $40.43 and a 200 day moving average price of $70.20.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Wednesday, November 11th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.77 billion. Corteva had a return on equity of 10.18% and a net margin of 5.66%. The firm’s revenue was down 8.7% compared to the same quarter last year. During the same period last year, the company posted ($0.23) earnings per share. Corteva has set its FY 2026 guidance at 0.760-0.800 EPS. Research analysts anticipate that Corteva, Inc. will post 1.05 EPS for the current fiscal year.

Corteva Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.6%. This is a decrease from Corteva’s previous quarterly dividend of $0.18. The ex-dividend date is Tuesday, December 1st. Corteva’s payout ratio is 47.68%.

Corteva Profile

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.