Wall Street's Most Accurate Analysts' Views On 3 Defensive Stocks Delivering High-Dividend Yields
$CALM
$KHC
$PM
Farming/Seeds/Milling
Consumer Staples
Packaged Foods
Consumer Staples
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href=”https://www.benzinga.com/yield-investments”><em> high dividend payout. </em></a>
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
Cal-Maine Foods, Inc. (NASDAQ:CALM)
- Dividend Yield: 3.13%
- Stephens & Co. analyst Ben Beinvenu reiterated an Equal-Weight rating with a price target of $65 on April 3, 2024. This analyst has an accuracy rate of 74%.
- Goldman Sachs analyst Adam Samuelson maintained a Sell rating and raised the price target from $42 to $47 on March 12, 2024. This analyst has an accuracy rate of 65%.
- Recent News: On April 4, Cal-Maine Foods said Jeff Hardin, Senior Vice President of Sales, is retiring from his position with the Company, effective July 23, 2024.
Philip Morris International Inc. (NYSE:PM)
- Dividend Yield: 5.55%
- Morgan Stanley analyst Pamela Kaufman maintained an Overweight rating and cut the price target from $118 to $113 on Oct. 2, 2023. This analyst has an accuracy rate of 65%.
- Barclays analyst Gaurav Jain maintained an Overweight rating and slashed the price target from $115 to $100 on Sept. 21, 2023. This analyst has an accuracy rate of 74%.
- Recent News: Philip Morris International is expected to report first-quarter earnings on April 23, 2024.
The Kraft Heinz Company (NASDAQ:KHC)
- Dividend Yield: 4.23%
- B of A Securities analyst Bryan Spillane maintained a Buy rating and raised the price target from $40 to $42 on April 15, 2024. This analyst has an accuracy rate of 65%.
- Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and cut the price target from $38 to $37 on Feb. 15, 2024. This analyst has an accuracy rate of 63%.
- Recent News: The Kraft Heinz Company is expected to release its first quarter 2024 financial results on May 1, 2024.