Danske Bank A S Invests $51.17 Million in Corteva, Inc. $CTVA

Danske Bank A S acquired a new stake in shares of Corteva, Inc. (NYSE:CTVA) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 756,644 shares of the company’s stock, valued at approximately $51,172,000. Danske Bank A S owned approximately 0.11% of Corteva as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its position in Corteva by 118.3% during the third quarter. Activest Wealth Management now owns 369 shares of the company’s stock valued at $25,000 after purchasing an additional 200 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Corteva in the 3rd quarter worth about $25,000. True Wealth Design LLC increased its position in shares of Corteva by 209.5% during the 3rd quarter. True Wealth Design LLC now owns 390 shares of the company’s stock valued at $26,000 after purchasing an additional 264 shares during the last quarter. Total Investment Management Inc. bought a new position in shares of Corteva during the 2nd quarter valued at about $27,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of Corteva during the 2nd quarter valued at about $29,000. Institutional investors own 81.54% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CTVA shares. Deutsche Bank Aktiengesellschaft upped their target price on Corteva from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Wall Street Zen cut Corteva from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Jefferies Financial Group raised their price target on shares of Corteva from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada upped their price objective on shares of Corteva from $80.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Corteva in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $82.90.

Corteva Price Performance

Shares of NYSE CTVA opened at $79.38 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.43 and a quick ratio of 0.96. Corteva, Inc. has a 1 year low of $53.40 and a 1 year high of $80.90. The company’s 50-day moving average is $74.77 and its 200 day moving average is $69.32. The stock has a market capitalization of $53.39 billion, a P/E ratio of 50.24, a P/E/G ratio of 2.74 and a beta of 0.72.

Corteva (NYSE:CTVA) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Corteva had a return on equity of 9.06% and a net margin of 6.29%.The business had revenue of $3.91 billion for the quarter, compared to analysts’ expectations of $4.23 billion. During the same period in the previous year, the firm posted $0.32 EPS. The business’s revenue was down 1.7% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, sell-side analysts expect that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.18 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. Corteva’s payout ratio is currently 45.57%.

Insiders Place Their Bets

In other Corteva news, insider Brian Titus sold 8,311 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $76.55, for a total value of $636,207.05. Following the completion of the transaction, the insider owned 8,090 shares in the company, valued at approximately $619,289.50. This represents a 50.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

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.