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

Author: Avi Kapoor | May 07, 2024 07:48am

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.

Cal-Maine Foods, Inc. (NASDAQ:CALM)

• Dividend Yield: 3.30%
• Stephens & Co. analyst Ben Beinvenu reiterated an Equal-Weight rating with a price target of $65 on April 3, 2024. This analyst has an accuracy rate of 75%.
• Goldman Sachs analyst Adam Samuelson maintained a Sell rating and increased the price target from $42 to $47 on March 12, 2024. This analyst has an accuracy rate of 66%.
• Recent News: On April 4, Cal-Maine Foods said Jeff Hardin, Senior Vice President of Sales, is retiring from his position with the Company, effective July 23, 2024.

Altria Group, Inc. (NYSE:MO)

• Dividend Yield: 9.01%
• Stifel analyst Matthew Smithreiterated a Buy rating with a price target of $50 on March 25. This analyst has an accuracy rate of 64%.
• Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023. This analyst has an accuracy rate of 68%.
• Recent News: On April 25, Altria Group reported a first-quarter FY24 sales decline of 2.5% year-on-year to $5.58 billion, beating the analyst consensus estimate of $4.71 billion.

Walgreens Boots Alliance, Inc.  (NASDAQ:WBA)

• Dividend Yield: 5.79%
• UBS analyst Kevin Caliendomaintained a Neutral rating and cut the price target from $25 to $22 on April 3. This analyst has an accuracy rate of 74%.
• Morgan Stanley analyst Erin Wright maintained an Underweight rating and lowered the price target from $21 to $20 on April 1. This analyst has an accuracy rate of 73%.
• Recent News: On April 24, DoorDash and Walgreens announced a new collaboration to offer SNAP/EBT payment at nearly 7,800 Walgreens stores across the country.

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Posted In: CALM MO WBA