Northwestern Mutual Wealth Management Co. Grows Stock Holdings in Corteva, Inc. $CTVA

Northwestern Mutual Wealth Management Co. raised its position in shares of Corteva, Inc. (NYSE:CTVA) by 6,527.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,148,212 shares of the company’s stock after buying an additional 3,100,709 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Corteva were worth $211,025,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Activest Wealth Management grew its position in Corteva by 118.3% during the 3rd quarter. Activest Wealth Management now owns 369 shares of the company’s stock worth $25,000 after purchasing an additional 200 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Corteva in the third quarter worth $25,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Corteva during the third quarter worth $29,000. Jackson Grant Investment Advisers Inc. lifted its stake in shares of Corteva by 90.6% during the third quarter. Jackson Grant Investment Advisers Inc. now owns 448 shares of the company’s stock worth $30,000 after buying an additional 213 shares during the period. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Corteva during the third quarter valued at $33,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTVA. Wall Street Zen lowered Corteva from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Oppenheimer boosted their price target on Corteva from $86.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. UBS Group boosted their price target on Corteva from $88.00 to $90.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. BNP Paribas Exane boosted their price target on Corteva from $74.00 to $77.00 in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company boosted their price target on Corteva from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.14.

Insider Activity at Corteva

In other news, insider Brian Titus sold 8,311 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $76.55, for a total transaction of $636,207.05. Following the sale, the insider owned 8,090 shares of the company’s stock, valued at $619,289.50. This trade represents a 50.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by insiders.

Corteva Price Performance

Shares of NYSE CTVA opened at $82.17 on Friday. The stock has a market capitalization of $54.95 billion, a price-to-earnings ratio of 48.33, a PEG ratio of 2.52 and a beta of 0.59. Corteva, Inc. has a 12 month low of $60.53 and a 12 month high of $85.63. The firm’s 50 day simple moving average is $81.11 and its 200-day simple moving average is $73.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.47 and a quick ratio of 1.03.

Corteva (NYSE:CTVA) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. The business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.64 billion. Corteva had a net margin of 6.50% and a return on equity of 9.95%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.13 EPS. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Analysts expect that Corteva, Inc. will post 3.7 EPS for the current year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.9%. Corteva’s dividend payout ratio (DPR) is presently 42.35%.

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.