In times of market volatility, many investors seek the stability of dividend-paying stocks. These companies often boast strong cash flows and reward shareholders with attractive dividend payouts. To assist investors, Benzinga analyzes the latest recommendations from top analysts for these stocks. Let’s delve into the recent takes on three high-yielding consumer staples companies.
Walgreens Boots Alliance (WBA)
This company currently offers a compelling dividend yield of 11.49%. Here’s a summary of the recent analyst opinions:
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UBS analyst Kevin Caliendo:
Maintained a Neutral rating on July 3, cutting the price target from $17 to $12. Caliendo’s accuracy rate stands at 75%.*
RBC Capital analyst Ben Hendrix:
Maintained a Sector Perform rating on July 2, reducing the price target from $22 to $13. This analyst’s accuracy rate is 73%.It’s worth noting that on September 13, Walgreens Boots Alliance settled allegations of submitting false claims to government healthcare programs for $106.8 million. Benzinga Pro’s real-time newsfeed provided immediate updates on this development.
The Kraft Heinz Company (KHC)
With a dividend yield of 4.66%, Kraft Heinz has attracted attention from analysts:
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Wells Fargo analyst Chris Carey:
Maintained an Equal-Weight rating on August 1, raising the price target from $34 to $35. Carey boasts an accuracy rate of 63%.*
B of A Securities analyst Bryan Spillane:
Maintained a Buy rating on July 10, though the price target was lowered from $42 to $38. This analyst has an accuracy rate of 64%.On July 31, Kraft Heinz reported better-than-expected second-quarter adjusted EPS results. Benzinga Pro’s real-time newsfeed delivered immediate updates on this positive news.
Philip Morris International Inc. (PM)
This company offers a dividend yield of 4.52%. Recent analyst insights are as follows:
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Goldman Sachs analyst Bonnie Herzog:
Maintained a Buy rating on September 26, increasing the price target from $126 to $140. Herzog has an accuracy rate of 71%.*
Barclays analyst Gaurav Jain:
Maintained an Overweight rating on September 9, raising the price target from $130 to $145. Jain has an accuracy rate of 66%.Philip Morris International is scheduled to report its fiscal third-quarter results on October 22. Benzinga Pro’s charting tools can assist in identifying trends in PM’s stock performance.
