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

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.

SpartanNash Company SPTN

• Dividend Yield: 3.60%
• Deutsche Bank analyst Paul Trussell maintained a Hold rating and cut the price target from $35 to $30 on Feb. 27, 2023. This analyst has an accuracy rate of 74%.
• BMO Capital analyst Kelly Bania maintained a Market Perform rating and raised the price target of $29 to $31 on Aug. 19, 2022. This analyst has an accuracy rate of 68%.
• Recent News: SpartanNash is expected to announce its first quarter 2023 financial results on June 1, 2023.

Conagra Brands, Inc. CAG

• Dividend Yield: 3.60%
• Stifel analyst Matthew Smith reinstated a Hold rating with a price target of $43 on April 14, 2023. This analyst has an accuracy rate of 69%.
• Deutsche Bank analyst Steve Powers upgraded the stock from Sell to Hold with a price target of $35 on March 20, 2023. This analyst has an accuracy rate of 74%.
• Recent News: ConAgra Brands reported third-quarter FY23 sales growth of 5.9% year-on-year to $3.087 billion, broadly in line with the consensus of $3.08 billion.

Tyson Foods, Inc. TSN

• Dividend Yield: 3.83%
• Piper Sandler analyst Michael Lavery maintained a Neutral rating and cut the price target from $62 to $49 on May 9, 2023. This analyst has an accuracy rate of 71%.
• JP Morgan analyst Ken Goldman maintained a Neutral rating and slashed the price target from $69 to $63 on Feb. 7, 2023. This analyst has an accuracy rate of 81%.
• Recent News: Tyson reported worse-than-expected second-quarter results and cut its FY23 financial outlook.

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