Panagora Asset Management Inc. Has $70.89 Million Stake in Corteva, Inc. $CTVA

Panagora Asset Management Inc. increased its holdings in Corteva, Inc. (NYSE:CTVA) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,057,560 shares of the company’s stock after buying an additional 152,476 shares during the period. Panagora Asset Management Inc. owned 0.16% of Corteva worth $70,888,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in shares of Corteva in the third quarter valued at approximately $25,000. Bank of Jackson Hole Trust acquired a new stake in shares of Corteva in the fourth quarter valued at approximately $28,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Corteva in the third quarter valued at approximately $29,000. Cornerstone Financial Management LLC bought a new position in Corteva in the fourth quarter valued at approximately $29,000. Finally, Basepoint Wealth LLC bought a new position in Corteva in the fourth quarter valued at approximately $30,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CTVA has been the topic of a number of recent analyst reports. Rothschild & Co Redburn lifted their price objective on shares of Corteva from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Barclays lifted their price objective on shares of Corteva from $84.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group decreased their price objective on shares of Corteva from $90.00 to $86.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 9th. BNP Paribas Exane lifted their price objective on shares of Corteva from $74.00 to $77.00 in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Corteva from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Fourteen investment analysts have rated the stock with a Buy rating and nine 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 an average target price of $88.81.

Corteva Stock Performance

NYSE CTVA opened at $76.14 on Monday. The firm’s fifty day moving average price is $80.39 and its two-hundred day moving average price is $75.38. The stock has a market cap of $50.92 billion, a PE ratio of 44.79, a PEG ratio of 2.33 and a beta of 0.57. Corteva, Inc. has a fifty-two week low of $60.53 and a fifty-two week high of $85.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47.

Corteva (NYSE:CTVA) last posted its earnings results on Tuesday, May 5th. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, equities analysts expect that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.18 per share. 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 payout ratio is presently 42.35%.

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.