Wall Street's Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields

Author: Avi Kapoor | August 22, 2024 08:12am

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.

Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

• Dividend Yield: 9.62%
• UBS analyst Kevin Caliendo maintained a Neutral rating and cut the price target from $17 to $12 on July 3. This analyst has an accuracy rate of 73%.
• RBC Capital analyst Ben Hendrix maintained a Sector Perform rating and slashed the price target from $22 to $13 on July 2. This analyst has an accuracy rate of 73%.
• Recent News: On Aug. 19, Walgreens and BARDA formed a strategic partnership to strengthen decentralized clinical trials model and reporting.
• Benzinga Pro’s real-time newsfeed alerted to latest WBA news.

Conagra Brands, Inc. (NYSE:CAG)

• Dividend Yield: 4.55%
• Evercore ISI Group analyst David Palmer maintained a Neutral rating and cut the price target from $32 to $31 on July 12. This analyst has an accuracy rate of 65%.
• Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and lowered the price target from $32 to $31 on July 10. This analyst has an accuracy rate of 66%.
• Recent News: On July 11, ConAgra reported worse-than-expected fourth-quarter sales results.
• Benzinga Pro’s signals feature notified of a potential breakout in CAG shares.

Philip Morris International Inc. (NYSE:PM)

• Dividend Yield: 4.33%
• Barclays analyst Gaurav Jain maintained an Overweight rating and raised the price target from $110 to $130 on Aug. 14. This analyst has an accuracy rate of 66%.
• JP Morgan analyst Jared Dinges maintained an Overweight rating and increased the price target from $110 to $125 on July 25. This analyst has an accuracy rate of 64%.
• Recent News: On July 23, Philip Morris International reported better-than-expected second-quarter FY24 earnings and raised the adjusted EPS outlook.
• Benzinga Pro’s earnings calendar was used to track upcoming PM’s earnings reports.

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Posted In: CAG PM WBA