Benzinga - by Lisa Levin, Benzinga Editor.
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.
The Coca-Cola Company (NYSE: KO)
- Dividend Yield: 3.21%
- Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating and cut the price target from $70 to $65 on Oct. 25, 2023. This analyst has an accuracy rate of 72%.
- B of A Securities analyst Bryan Spillane maintained a Buy rating and cut the price target from $74 to $60 on Oct. 17, 2023. This analyst has an accuracy rate of 69%.
- Recent News: The Coca-Cola reported better-than-expected third-quarter financial results and raised full-year guidance.
- Dividend Yield: 3.39%
- Stifel analyst Mark Astrachan maintained a Hold rating and raised the price target from $130 to $141 on Nov. 16, 2023. This analyst has an accuracy rate of 82%.
- JP Morgan analyst Christopher Horvers maintained a Neutral rating and boosted the price target from $113 to $125 on Nov. 16, 2023. This analyst has an accuracy rate of 74%.
- Recent News: Target reported better-than-expected third-quarter financial results.
- Dividend Yield: 3.50%
- DA Davidson analyst Linda Bolton Weiser maintained a Buy rating and raised the price target from $152 to $162 on Nov. 17, 2023. This analyst has an accuracy rate of 62%.
- Bernstein analyst Callum Elliott upgraded the stock from Underperform to Market Perform with a price target of $120 on Oct. 12, 2023. This analyst has an accuracy rate of 64%.
- Recent News: Clorox reported better-than-expected first-quarter sales results.
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