Corteva, Inc. (NYSE:CTVA) Position Decreased by Anomaly Capital Management LP

Anomaly Capital Management LP trimmed its holdings in shares of Corteva, Inc. (NYSE:CTVA - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,563,889 shares of the company's stock after selling 744,109 shares during the period. Corteva makes up about 6.0% of Anomaly Capital Management LP's portfolio, making the stock its 3rd biggest position. Anomaly Capital Management LP owned about 0.52% of Corteva worth $202,999,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new position in shares of Corteva in the 4th quarter valued at about $25,000. Noble Wealth Management PBC acquired a new position in shares of Corteva during the 4th quarter worth approximately $26,000. Hager Investment Management Services LLC purchased a new position in shares of Corteva during the 4th quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Corteva in the 4th quarter valued at $32,000. Finally, Centricity Wealth Management LLC purchased a new stake in Corteva in the 4th quarter worth $34,000. 81.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays upped their price target on shares of Corteva from $62.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Oppenheimer increased their price objective on Corteva from $70.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. UBS Group dropped their target price on shares of Corteva from $74.00 to $73.00 and set a "buy" rating for the company in a report on Friday, January 10th. Royal Bank of Canada raised their price target on shares of Corteva from $72.00 to $73.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Bank of America upped their price objective on shares of Corteva from $69.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $68.13.

Insider Buying and Selling at Corteva

In other Corteva news, insider Brian Titus sold 26,560 shares of Corteva stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $63.74, for a total transaction of $1,692,934.40. Following the transaction, the insider now owns 11,347 shares of the company's stock, valued at $723,257.78. The trade was a 70.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Corteva Stock Down 0.3 %

Shares of Corteva stock traded down $0.21 during trading hours on Friday, reaching $61.50. 1,803,138 shares of the company were exchanged, compared to its average volume of 3,321,571. Corteva, Inc. has a 1 year low of $50.01 and a 1 year high of $66.24. The firm has a market cap of $42.01 billion, a PE ratio of 47.67, a PEG ratio of 1.68 and a beta of 0.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.93 and a current ratio of 1.45. The stock's fifty day moving average is $60.77 and its 200 day moving average is $60.35.

Corteva (NYSE:CTVA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. As a group, equities research analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Monday, March 3rd. Corteva's dividend payout ratio (DPR) is 52.71%.

Corteva Company 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.