Wall Street's Most Accurate Analysts' Views On 3 Risk Off Stocks With Over 5% Dividend Yields

Author: Avi Kapoor | February 27, 2024 08:11am

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.

B&G Foods, Inc. (NYSE:BGS)

• Dividend Yield: 8.11%
• Piper Sandler analyst Michael Lavery downgraded the stock from Neutral to Underweight and cut the price target from $14 to $8 on Oct. 4, 2023. This analyst has an accuracy rate of 71%.
• TD Cowen analyst Robert Moskow maintained an Underperform rating and slashed the price target from $10 to $9.5 on Sept. 19, 2023. This analyst has an accuracy rate of 67%.
• Recent News: B&G Foods said it will release fourth quarter financial results after the market close on Feb. 27, 2024.

Philip Morris International Inc. (NYSE:PM)

• Dividend Yield: 5.75%
• 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 cut the price target from $115 to $100 on Sept. 21, 2023. This analyst has an accuracy rate of 64%.
• Recent News: On Feb. 21, Philip Morris International reaffirmed 2024 full-year forecast for reported diluted EPS of $5.90 to $6.02 and adjusted diluted EPS of $6.32 to $6.44.

Conagra Brands, Inc. (NYSE:CAG)

• Dividend Yield: 5.00%
• Evercore ISI Group analyst David Palmer downgraded the stock from Outperform to Neutral with a price target of $32 on Dec. 11, 2023. This analyst has an accuracy rate of 69%.
• Morgan Stanley analyst Pamela Kaufman maintained an Equal-Weight rating and cut the price target from $37 to $29 on Oct. 9, 2023. This analyst has an accuracy rate of 65%.
• Recent News: On Jan. 4, ConAgra Brands reported mixed second-quarter financial results and cut FY24 guidance.

 

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Posted In: BGS CAG PM