QRG Capital Management Inc. and
Opal Wealth Advisors LLC increased their holdings in
Corteva, Inc. (NYSE:CTVA) recently.
Argus has however downgraded Corteva to hold.
Simultaneously, the company initiated a
quarterly dividend increase to $0.17, marking the fourth consecutive year of rises. Financial reports show that the company beat
Q2 earnings and revenue estimates, projecting an overall robust outlook for
farmer spending on crops. Meanwhile, Corteva's incumbent CFO,
Dave Anderson, is preparing for retirement, with
David Johnson pegged as his successor. Despite the stock's occasional underperformance in the market, it has seen its
stock rise by 125% over the past five years, showing potential long-term benefits for shareholders. Unfavorably, the stock suffered a 7.3% decline year-to-date, inciting
institutional investors to consider harsh measures. Investors have nonetheless rated the stock as a 'moderate buy' on average, with some betting it's the
best farmland and agriculture stock currently.
Corteva CTVA News Analytics from Fri, 26 Jan 2024 08:00:00 GMT to Sun, 11 Aug 2024 14:03:39 GMT -
Rating 5
- Innovation 7
- Information 6
- Rumor 2