Benzinga - by Avi Kapoor, Benzinga Staff Writer.
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. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
Philip Morris International Inc. (NYSE: PM)
- Dividend Yield: 5.71%
- 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 66%.
- Barclays analyst Gaurav Jain maintained an Overweight rating and slashed the price target from $115 to $100 on Sept. 21, 2023. This analyst has an accuracy rate of 66%.
- Recent News: On Oct. 19, Philip Morris International reported third-quarter FY23 sales growth of 13.8% year-on-year to $9.14 billion.
- Dividend Yield: 4.76%
- Morgan Stanley analyst Pamela Kaufman maintained an Equal-Weight rating and cut the price target from $37 to $29 on Oct. 9, 2023. This analysts has an accuracy rate of 66%.
- Jefferies analyst Rob Dickerson maintained a Hold rating and cut the price target from $30 to $28 on Oct. 6, 2023. This analyst has an accuracy rate of 70%.
- Recent News: On Oct. 5, ConAgra Brands reported upbeat earnings for its first quarter.
- Dividend Yield: 4.17%
- Morgan Stanley analyst Pamela Kaufman maintained an Equal-Weight rating and cut the price target from $68 to $57 on Nov. 9, 2023. This analyst has an accuracy rate of 66%.
- Piper Sandler analyst Michael Lavery maintained a Neutral rating and cut the price target from $72 to $57 on Oct. 2, 2023. This analyst has an accuracy rate of 71%.
- Recent News: On Nov. 8, WK Kellogg reported a third-quarter FY23 sales decline of 1.9% year-on-year to $692 million.
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