Wall Street's Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields

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Wall Street’s Most Accurate Analysts Weigh In On 3 Defensive Stocks With Over 5% Dividend Yields

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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 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.

Don’t Miss:

  • Dividend Yield: 11.79%

  • UBS analyst Kevin Caliendo maintained a Neutral rating and raised the price target from $9 to $10 on Oct. 17. This analyst has an accuracy rate of 73%.

  • Morgan Stanley analyst Erin Wright maintained an Underweight rating and cut the price target from $9 to $7 on Oct. 11. This analyst has an accuracy rate of 75%.

  • Recent News: Walgreens agreed to $100 million settlement over alleged deceptive pricing of generic drugs.

  • Benzinga Pro’s real-time newsfeed alerted to latest WBA news

  • Dividend Yield: 12.24%

  • Barclays analyst Brandt Montour maintained an Equal-Weight rating and cut the price target from $8 to $7 on Nov. 7. This analyst has an accuracy rate of 69%.

  • TD Cowen analyst Robert Moskow maintained a Sell rating and slashed the price target from $8 to $7.5 on Nov. 6. This analyst has an accuracy rate of 65%.

  • Recent News: On Nov. 5, B&G Foods reported worse-than-expected third-quarter financial results and issued FY24 net sales guidance below estimates.

  • Benzinga Pro’s real-time newsfeed alerted to latest BGS news

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  • Dividend Yield: 5.14%

  • Piper Sandler analyst Michael Lavery maintained an Overweight rating and cut the price target from $41 to $40 on Oct. 31. This analyst has an accuracy rate of 69%.

  • Mizuho analyst John Baumgartner maintained an Outperform rating and cut the price target from $43 to $41 on Oct. 31. This analyst has an accuracy rate of 67%.

  • Recent News: On Nov. 13, the company’s board declared a regular quarterly dividend of 50 cents per share on its common stock.

  • Benzinga Pro’s charting tool helped identify the trend in KHC stock.