Wall Street’s Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields – Kraft Heinz (NASDAQ:KHC)
In times of market volatility, many investors seek out dividend-yielding stocks as a safe haven. These stocks typically belong to companies with strong free cash flows that reward shareholders with generous dividends.
For our readers at Benzinga, we offer a comprehensive Analyst Stock Ratings page where you can find the latest insights from top analysts. You can easily sort through our database by analyst accuracy to make informed investment decisions.
Let’s take a look at the ratings from some of the most accurate analysts for three high-yielding stocks in the consumer staples sector:
1. Altria Group, Inc. (NYSE: MO)
– Dividend Yield: 8.40%
– Stifel analyst Matthew Smith maintained a Buy rating with a price target of $50 on March 25, boasting a 66% accuracy rate.
– Morgan Stanley analyst Pamela Kaufman also reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023, with a 69% accuracy rate.
– Recent news: Altria Group reported a first-quarter FY24 sales decline of 2.5% year-on-year, surpassing analyst estimates.
– Benzinga Pro’s real-time newsfeed keeps you updated on Altria Group’s latest developments.
2. Kellanova (NYSE: K)
– Dividend Yield: 3.73%
– JP Morgan analyst Ken Goldman maintained a Neutral rating and raised the price target from $59 to $66 on May 3, demonstrating an 80% accuracy rate.
– Piper Sandler analyst Michael Lavery also kept a Neutral rating and raised the price target on Feb. 12, with a 72% accuracy rate.
– Recent news: Kellanova reported strong first-quarter financial results and reaffirmed its guidance.
– Benzinga Pro’s charting tool helps you analyze trends in Kellanova’s stock.
3. The Kraft Heinz Company (NASDAQ: KHC)
– Dividend Yield: 4.63%
– Piper Sandler analyst Michael Lavery upgraded the stock from Neutral to Overweight with a price target of $42 on May 22, with a 72% accuracy rate.
– Evercore ISI Group analyst David Palmer also upgraded the stock from In-Line to Outperform and raised the price target on Dec 11, 2023, with a 70% accuracy rate.
– Recent news: Kraft Heinz posted mixed first-quarter financial results.
– Benzinga Pro’s signals feature can help you identify potential breakouts in Kraft Heinz’s shares.
Stay informed with Benzinga’s Analyst Stock Ratings page to make well-informed investment decisions in these high-yielding stocks.