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Corteva Stock Plummets – What's Next for Investors?

After this afternoon's -1.3% drop to $65.27 per share, Corteva might just keep moving past its target price of $67.09. With an average analyst rating of buy, and target prices from $57.0 to $74.0, the stock's next move is anyone's guess.

The stock has a very low short interest at 1.8%, and a short ratio of 3.4. At 0.1%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that a significant number of institutional investors are invested in the stock, with 86.0% of Corteva's shares being owned by this investor type.

Institutions Invested in Corteva

Date Reported Holder Percentage Shares Value
2024-09-30 Vanguard Group Inc 11% 78,528,388 $5,125,547,621
2024-09-30 Blackrock Inc. 8% 53,097,744 $3,465,689,572
2024-09-30 State Street Corporation 5% 34,290,086 $2,238,113,798
2024-09-30 Capital International Investors 4% 24,810,425 $1,619,376,356
2024-09-30 Aristotle Capital Management, LLC 3% 23,730,796 $1,548,908,975
2024-09-30 Geode Capital Management, LLC 3% 17,703,771 $1,155,525,073
2024-09-30 Franklin Resources, Inc. 2% 14,788,607 $965,252,329
2024-09-30 Harris Associates L.P. 2% 14,362,309 $937,427,860
2024-09-30 Nuveen Asset Management, LLC 2% 14,101,261 $920,389,258
2024-09-30 Massachusetts Financial Services Co. 2% 13,020,542 $849,850,732

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Corteva.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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