CortevaCTVA
Market Cap: 38.6B
About: Corteva is an agricultural inputs pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop protection products. Seeds generate the majority of profits with the remainder coming from crop protection products. Corteva operates globally, but around half of revenue comes from North America.
Employees: 22,500
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
71% more call options, than puts
Call options by funds: $216M | Put options by funds: $126M
50% more funds holding in top 10
Funds holding in top 10: 10 [Q4 2023] → 15 (+5) [Q1 2024]
21% more capital invested
Capital invested by funds: $27.3B [Q4 2023] → $33B (+$5.7B) [Q1 2024]
11% more first-time investments, than exits
New positions opened: 141 | Existing positions closed: 127
2.4% more ownership
Funds ownership: 80.79% [Q4 2023] → 83.2% (+2.4%) [Q1 2024]
1% more funds holding
Funds holding: 1,203 [Q4 2023] → 1,217 (+14) [Q1 2024]
3% less repeat investments, than reductions
Existing positions increased: 421 | Existing positions reduced: 435
Research analyst outlook
21 Wall Street Analysts provided 1 year price forecasts over the past 6 months
21 analyst ratings
Mizuho Edlain Rodriguez | 8%upside $60 | Buy Maintained | 18 Jun 2024 |
Deutsche Bank David Begleiter | 17%upside $65 | Buy Maintained | 12 Jun 2024 |
Deutsche Bank David Begleiter | 17%upside $65 | Buy Maintained | 6 May 2024 |
RBC Capital Arun Viswanathan | 16%upside $64 | Outperform Maintained | 6 May 2024 |
Canaccord Genuity Bobby Burleson | 17%upside $65 | Buy Maintained | 3 May 2024 |
Financial journalist opinion
Based on 3 articles about CTVA published over the past 30 days