Wall Street's Most Accurate Analysts Say Hold These 3 Defensive 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.

Energizer Holdings, Inc. ENR

• Dividend Yield: 3.61%
• Goldman Sachs analyst Jason English maintained a Neutral rating and raised the price target from $36 to $41 on May 9, 2023. This analyst has an accuracy rate of 62%.
• Morgan Stanley analyst Dara Mohsenian maintained an Equal-Weight rating and raised the price target from $33 to $36 on May 9, 2023. This analyst has an accuracy rate of 75%.
• Recent News: Energizer announced plans to invest $43 million in manufacturing in North Carolina, over the next several years.

• Tyson Foods, Inc. TSN

• Dividend Yield: 3.70%
• 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 Foods is reportedly reintroducing certain antibiotics, specifically ionophores, back into its chicken supply chain, applying to all fresh, frozen, and ready-made products under the Tyson brand by the end of the calendar year.

The Kraft Heinz Company KHC

• Dividend Yield: 4.46%
• Piper Sandler analyst Michael Lavery maintained a Neutral rating and cut the price target from $43 to $41 on June 26, 2023. This analyst has an accuracy rate of 71%.
• Morgan Stanley analyst Pamela Kaufman maintained an Equal-Weight rating and cut the price target from $44 to $39 on June 14, 2023. This analyst has an accuracy rate of 65%.
• Recent News: Kraft Heinz announced its long-term growth outlook, expecting organic net sales growth of 2%-3% driven by a combination of regions, platforms, and channels.

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