These 3 Risk Off Stocks With Over 3% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

Author: Avi Kapoor | March 22, 2024 07:51am

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 .

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

The Coca-Cola Company (NYSE:KO)

• Dividend Yield: 3.21%
• JP Morgan analyst Andrea Teixeira maintained an Overweight rating and raised the price target from $64 to $66 on Feb. 14, 2024. This analyst has an accuracy rate of 63%.
• Barclays analyst Lauren Lieberman maintained an Overweight rating and boosted the price target from $60 to $66 on Jan. 16, 2024. This analyst has an accuracy rate of 62%.
• Recent News: On Feb. 15, The Coca-Cola Company announced a quarterly dividend increase from 46 to 48.5 cents per share.

The J. M. Smucker Company (NYSE:SJM)

• Dividend Yield: 3.42%
• Stifel analyst Matthew Smith reiterated a Buy rating with a price target of $135 on March 12, 2024. This analyst has an accuracy rate of 66%.
• Wells Fargo analyst Chris Carey initiated coverage on the stock with an Overweight rating and a price target of $140 on Dec. 12, 2023. This analyst has an accuracy rate of 63%.
• Recent News: On Feb. 27, J.M. Smucker posted better-than-expected earnings for its fourth quarter.

General Mills, Inc. (NYSE:GIS)

• Dividend Yield: 3.43%
• Stifel analyst Matthew Smith maintained a Buy rating and boosted the price target from $68 to $77 on March 21, 2024. This analyst has an accuracy rate of 66%.
• Piper Sandler analyst Michael Lavery maintained an Overweight rating and cut the price target from $77 to $76 on Dec. 15, 2023. This analyst has an accuracy rate of 71%.
• Recent News: On March 20, General Mills reported better-than-expected fourth-quarter financial results.

 

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Posted In: GIS KO SJM