Wall Street’s most accurate analysts weigh in on three defensive stocks that offer high dividend yields

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During periods of turbulence and uncertainty in the markets, many investors turn to dividend-producing stocks. These are often companies that have high free cash flow and reward shareholders with a large dividend payout.

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Below are the most accurate analyst ratings for three high-yield stocks in the consumer staples sector.

Altria Group, Inc. (NYSE:MO)

Dividend yield: 7.84%

B of A securities analyst Lisa Lewandowski maintained a Neutral rating and raised her price target from $47 to $48 on July 10. This analyst has an accuracy rate of 61%.

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 July 31, Altria Group reported worse-than-expected financial results in the second quarter.

Benzinga Pro’s real-time news feed alerted on the latest MO news.

Conagra Brands, Inc. (NYSE:CAG)

Dividend yield: 4.70%

Evercore ISI Group analyst David Palmer maintained a Neutral rating and lowered his price target from $32 to $31 on July 12. This analyst has an accuracy rate of 62%.

Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and cut his price target from $32 to $31 on July 10. This analyst has an accuracy rate of 65%.

Recent news: On July 11, Conagra Brands reported worse-than-expected fourth-quarter sales results and issued below-estimated FY25 adjusted EPS guidance.

Benzinga Pro’s charting tool helped identify the trend in CAG’s stock.

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The story continues

The Kraft Heinz Company (NASDAQ:KHC)

Dividend yield: 4.61%
Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and raised his price target from $34 to $35 on August 1. This analyst has an accuracy rate of 65%.

B of A securities analyst Bryan Spillane maintained a Buy rating and cut his price target from $42 to $38 on July 10. This analyst has an accuracy rate of 68%.

Recent news: On July 31, Kraft Heinz reported better-than-expected adjusted Q2 results.

Benzinga Pro’s signals feature has tipped off a potential breakout in KHC stock.

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