OneDigital Investment Advisors LLC Takes $603,000 Position in Corteva, Inc. $CTVA

OneDigital Investment Advisors LLC purchased a new stake in Corteva, Inc. (NYSE:CTVA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,115 shares of the company’s stock, valued at approximately $603,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Harris Associates L P raised its holdings in Corteva by 168.1% in the 4th quarter. Harris Associates L P now owns 17,026,221 shares of the company’s stock valued at $1,141,268,000 after acquiring an additional 10,675,052 shares in the last quarter. Norges Bank acquired a new stake in shares of Corteva during the 4th quarter worth $504,001,000. Royal Bank of Canada raised its stake in Corteva by 202.1% in the first quarter. Royal Bank of Canada now owns 7,458,624 shares of the company’s stock valued at $624,362,000 after purchasing an additional 4,989,371 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Corteva during the second quarter worth about $392,447,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Corteva by 6,527.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,148,212 shares of the company’s stock worth $211,025,000 after buying an additional 3,100,709 shares in the last quarter. Institutional investors own 81.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Corteva from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Oppenheimer upped their price target on shares of Corteva from $89.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Zacks Research cut shares of Corteva from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada boosted their price objective on shares of Corteva from $97.00 to $103.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group upped their target price on Corteva from $95.00 to $97.00 in a research note on Thursday, May 7th. Fourteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Corteva currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.50.

Corteva Price Performance

Shares of CTVA opened at $77.97 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 0.07. The stock has a market cap of $52.02 billion, a PE ratio of 51.64, a PEG ratio of 2.35 and a beta of 0.57. Corteva, Inc. has a 12-month low of $60.53 and a 12-month high of $90.97. The business has a 50-day simple moving average of $81.84 and a two-hundred day simple moving average of $80.12.

Corteva (NYSE:CTVA) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.06. Corteva had a return on equity of 10.18% and a net margin of 5.66%.The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.60 billion. During the same period last year, the firm posted $2.20 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.600-3.800 EPS. Analysts anticipate that Corteva, Inc. will post 3.72 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, September 1st. Corteva’s payout ratio is presently 47.68%.

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.