Wall Street's Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields
$K
$MO
$PM
Packaged Foods
Consumer Staples
Medicinal Chemicals and Botanical Products
Health Care
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 high dividend payout.
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.
Kellanova (NYSE:K)
- Dividend Yield: 3.96%
- B of A Securities analyst Bryan Spillane maintained a Neutral rating and cut the price target from $64 to $62 on July 10. This analyst has an accuracy rate of 69%.
- JP Morgan analyst Ken Goldman maintained a Neutral rating and raised the price target from $59 to $66 on May 3. This analyst has an accuracy rate of 80%.
- Recent News: Kellanova will issue its second quarter financial results on Thursday, Aug. 1.
- Benzinga Pro's real-time newsfeed alerted to latest Kellanova news
Philip Morris International Inc. (NYSE:PM)
- Dividend Yield: 4.75%
- Stifel analyst Matthew Smith maintained a Buy rating and raised the price target from $108 to $115 on April 24. This analyst has an accuracy rate of 60%.
- Argus Research analyst David Colemandowngraded the stock from Buy to Hold on March 5. This analyst has an accuracy rate of 63%.
- Recent News: On July 23, Philip Morris International reported better-than-expected second-quarter financial results and raised its FY24 adjusted EPS guidance.
- Benzinga Pro's charting tool helped identify the trend in PM's stock.
Altria Group, Inc. (NYSE:MO)
- Dividend Yield: 7.98%
- Stifel analyst Matthew Smithreiterated a Buy rating with a price target of $50 on March 25. This analyst has an accuracy rate of 60%.
- Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023. This analyst has an accuracy rate of 69%.
- Recent News: Altria Group will report its second-quarter and first-half business results on July 31.
- Benzinga Pro's signals feature notified of a potential breakout in MO shares.
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