Wall Street's Most Accurate Analysts Say Hold These 3 Defensive Stocks With Over 3% Dividend Yields

Author: Avi Kapoor | September 03, 2024 08:29am

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 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: 10.81%
• 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 74%.
• 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 76%.
• Recent News: On Aug. 19, Walgreens and BARDA announced a strategic partnership to strengthen decentralized clinical trials model and reporting.
• Benzinga Pro's real-time newsfeed alerted to latest WBA news

The Kraft Heinz Company (NASDAQ:KHC)

• Dividend Yield: 4.52%
• Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and raised the price target from $34 to $35 on Aug. 1. This analyst has an accuracy rate of 63%.
• Morgan Stanley analyst Pamela Kaufman maintained an Equal-Weight rating and slashed the price target from $39 to $36 on Nov. 2, 2023. This analyst has an accuracy rate of 66%.
• Recent News: On July 31, Kraft Heinz reported better-than-expected second-quarter adjusted EPS results.
• Benzinga Pro’s charting tool helped identify the trend in KHC stock.

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

• Dividend Yield: 3.77%
• DA Davidson analyst Brian Holland maintained a Neutral rating with a price target of $121 on Aug. 29. This analyst has an accuracy rate of 67%.
• JP Morgan analyst Ken Goldman maintained a Neutral rating and raised the price target from $126 to $128 on Feb. 28. This analyst has an accuracy rate of 81%.
• Recent News: On Aug. 28, The J. M. Smucker Company reported upbeat quarterly earnings, but lowered its annual outlook.
• Benzinga Pro’s signals feature notified of a potential breakout in SJM shares.

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Posted In: KHC SJM WBA