Corteva, Inc. $CTVA Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its position in shares of Corteva, Inc. (NYSE:CTVA) by 18.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Corteva during the second quarter worth approximately $4,560,180,000. Wellington Management Group LLP raised its stake in Corteva by 941.7% in the second quarter. Wellington Management Group LLP now owns 7,612,704 shares of the company’s stock valued at $644,720,000 after buying an additional 6,881,875 shares during the period. Jupiter Topco LLC bought a new stake in 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 acquired a new stake in shares of Corteva in the second quarter valued at approximately $482,836,000. 81.54% of the stock is owned by institutional investors.

Corteva Trading 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 business has a 50 day moving average of $40.43 and a 200-day moving average of $70.20. 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 $8.14 billion, a PE ratio of 3.21, a P/E/G ratio of 1.70 and a beta of 0.58.

Corteva (NYSE:CTVA) last announced its 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 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 quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. Corteva has set its FY 2026 guidance at 0.760-0.800 EPS. As a group, equities research analysts forecast that Corteva, Inc. will post 1.05 earnings per share for the current 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 issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. This is a negative change from Corteva’s previous quarterly dividend of $0.18. Corteva’s payout ratio is currently 47.68%.

Analyst Upgrades and Downgrades

CTVA has been the topic of a number of recent analyst reports. Deutsche Bank reissued a “buy” rating and set a $101.00 target price on shares of Corteva in a report on Monday, August 3rd. Zacks Research downgraded Corteva from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. KeyCorp raised shares of Corteva from a “sector weight” rating to an “overweight” rating and set a $17.00 price objective for the company in a research report on Wednesday, October 7th. Argus reiterated a “buy” rating and issued a $91.00 price objective on shares of Corteva in a report on Friday, September 18th. Finally, Bank of America increased their price objective on shares of Corteva from $90.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, July 20th. 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. According to data from MarketBeat, Corteva currently has an average rating of “Moderate Buy” and an average price target of $60.59.

Corteva Company 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.