Don't Miss These 3 Consumer Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts

Author: Avi Kapoor | January 08, 2024 09:51am

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. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.

Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.

Darden Restaurants, Inc. (NYSE:DRI)

• Dividend Yield: 3.17%
• Oppenheimer analyst Brian Bittner maintained an Outperform rating and raised the price target from $185 to $186 on Jan. 5, 2024. This analyst has an accuracy rate of 84%.
• Truist Securities analyst Jake Bartlett reiterated a Buy rating with a price target of $190 on Dec. 18, 2023. This analyst has an accuracy rate of 79%.
• Recent News: Darden Restaurants, last month, posted upbeat earnings for its second quarter.

The Cheesecake Factory Incorporated (NASDAQ:CAKE)

• Dividend Yield: 3.23%
• Wedbush analyst Nick Setyan upgraded the stock from Neutral to Outperform on Dec. 21, 2023. This analyst has an accuracy rate of 82%.
• Piper Sandler analyst Nicole Miller Regan maintained a Neutral rating and cut the price target from $36 to $33 on Nov. 2, 2023. This analyst has an accuracy rate of 77%.
• Recent News: Cheesecake Factory, during November, posted downbeat quarterly results.

Marriott Vacations Worldwide Corporation (NYSE:VAC)

• Dividend Yield: 3.53%
• Barclays analyst Brandt Montour downgraded the stock from Overweight to Equal-Weight on Dec. 15, 2023. This analyst has an accuracy rate of 64%.
• Truist Securities analyst Patrick Scholes maintained a Buy rating and slashed the price target from $187 to $149 on Nov. 15, 2023. This analyst has an accuracy rate of 72%.
• Recent News: Marriott Vacations Worldwide, last month, announced the appointment of Mary E. Galligan to its Board of Directors.

 

Read More: Commercial Metals, Boot Barn And 3 Stocks To Watch Heading Into Monday

 

Posted In: CAKE DRI VAC