Meeder Advisory Services Inc. Takes Position in Corteva, Inc. $CTVA

Meeder Advisory Services Inc. acquired a new position in shares of Corteva, Inc. (NYSE:CTVA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,950 shares of the company’s stock, valued at approximately $1,605,000.

A number of other institutional investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. boosted its holdings in shares of Corteva by 2.9% in the 1st quarter. William B. Walkup & Associates Inc. now owns 4,457 shares of the company’s stock worth $373,000 after purchasing an additional 126 shares in the last quarter. Wilkerson Advisory Group LLC increased its position in shares of Corteva by 6.7% during the 1st quarter. Wilkerson Advisory Group LLC now owns 2,112 shares of the company’s stock valued at $177,000 after purchasing an additional 133 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of Corteva by 2.4% during the 1st quarter. AdvisorNet Financial Inc now owns 5,694 shares of the company’s stock valued at $477,000 after buying an additional 135 shares in the last quarter. First Horizon Corp lifted its position in Corteva by 9.2% in the 1st quarter. First Horizon Corp now owns 1,600 shares of the company’s stock worth $134,000 after buying an additional 135 shares during the last quarter. Finally, Aviance Capital Partners LLC lifted its position in Corteva by 1.3% in the 1st quarter. Aviance Capital Partners LLC now owns 11,008 shares of the company’s stock worth $922,000 after buying an additional 137 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. CICC Research increased their price target on shares of Corteva from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. boosted their price objective on shares of Corteva from $77.00 to $83.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Zacks Research cut shares of Corteva from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Bank of America increased their target price on shares of Corteva from $90.00 to $96.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Weiss Ratings cut shares of Corteva from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Fourteen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Corteva currently has an average rating of “Moderate Buy” and a consensus price target of $91.50.

Corteva Price Performance

CTVA opened at $78.51 on Thursday. The stock’s 50 day simple moving average is $81.92 and its 200 day simple moving average is $80.15. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.52 and a quick ratio of 1.10. Corteva, Inc. has a 1 year low of $60.53 and a 1 year high of $90.97. The firm has a market cap of $52.38 billion, a price-to-earnings ratio of 51.99, a PEG ratio of 2.39 and a beta of 0.57.

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

Corteva Announces Dividend

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

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.