Criterion Capital Advisors LLC Invests $32,000 in Corteva, Inc. (NYSE:CTVA)

Criterion Capital Advisors LLC acquired a new position in Corteva, Inc. (NYSE:CTVA) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 676 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors have also made changes to their positions in CTVA. WCM Investment Management LLC raised its position in Corteva by 3.1% during the fourth quarter. WCM Investment Management LLC now owns 7,103,146 shares of the company’s stock worth $341,590,000 after acquiring an additional 213,949 shares in the last quarter. 17 Capital Partners LLC bought a new stake in Corteva during the fourth quarter worth $1,649,000. Factory Mutual Insurance Co. raised its position in Corteva by 10.7% during the fourth quarter. Factory Mutual Insurance Co. now owns 532,558 shares of the company’s stock worth $25,520,000 after acquiring an additional 51,500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Corteva by 9.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 777,833 shares of the company’s stock valued at $39,794,000 after purchasing an additional 68,593 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Corteva by 1.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,760,701 shares of the company’s stock valued at $132,293,000 after purchasing an additional 31,171 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays upped their price objective on shares of Corteva from $55.00 to $58.00 and gave the company an “equal weight” rating in a report on Wednesday, April 10th. TheStreet upgraded shares of Corteva from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Loop Capital upgraded shares of Corteva from a “hold” rating to a “buy” rating and upped their price objective for the company from $57.00 to $65.00 in a report on Monday, February 12th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $57.00 price target (down from $58.00) on shares of Corteva in a research note on Friday, April 12th. Finally, KeyCorp upped their price target on shares of Corteva from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Corteva presently has an average rating of “Moderate Buy” and an average target price of $63.29.

Corteva Trading Up 1.6 %

Shares of Corteva stock opened at $54.80 on Monday. The company has a market capitalization of $38.30 billion, a price-to-earnings ratio of 53.73, a PEG ratio of 1.44 and a beta of 0.77. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 0.09. Corteva, Inc. has a 12-month low of $43.22 and a 12-month high of $62.10. The firm’s 50-day moving average price is $55.23 and its two-hundred day moving average price is $50.30.

Corteva (NYSE:CTVA) last posted its earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Corteva had a net margin of 4.27% and a return on equity of 7.43%. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, analysts forecast that Corteva, Inc. will post 2.84 earnings per share for the current fiscal year.

Corteva Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.17%. Corteva’s dividend payout ratio (DPR) is currently 62.75%.

Corteva Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.