CortevaCTVA
Market Cap: $38.3B
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 Q2 SEC filings by fund managers ($100M+ AUM)
204% more call options, than puts
Call options by funds: $160M | Put options by funds: $52.7M
6% less repeat investments, than reductions
Existing positions increased: 420 | Existing positions reduced: 447
2% less funds holding
Funds holding: 1,233 [Q1] → 1,212 (-21) [Q2]
2.17% less ownership
Funds ownership: 85.08% [Q1] → 82.91% (-2.17%) [Q2]
8% less capital invested
Capital invested by funds: $33.7B [Q1] → $31.2B (-$2.57B) [Q2]
18% less first-time investments, than exits
New positions opened: 97 | Existing positions closed: 118
20% less funds holding in top 10
Funds holding in top 10: 15 [Q1] → 12 (-3) [Q2]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
JP Morgan Jeffrey Zekauskas 76% 1-year accuracy 25 / 33 met price target | 1%downside $55 | Neutral Maintained | 2 Aug 2024 |
Wells Fargo Richard Garchitorena 50% 1-year accuracy 5 / 10 met price target | 17%upside $65 | Overweight Maintained | 2 Aug 2024 |
Keybanc Aleksey Yefremov 39% 1-year accuracy 19 / 49 met price target | 12%upside $62 | Overweight Maintained | 2 Aug 2024 |
Mizuho Edlain Rodriguez 50% 1-year accuracy 1 / 2 met price target | 8%upside $60 | Buy Maintained | 18 Jun 2024 |
Deutsche Bank David Begleiter 11% 1-year accuracy 1 / 9 met price target | 17%upside $65 | Buy Maintained | 12 Jun 2024 |
Financial journalist opinion
Based on 6 articles about CTVA published over the past 30 days