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.

Kellogg Company K

• Dividend Yield: 3.62%
• Bernstein analyst Alexia Howard upgraded the stock from Underperform to Market Perform with a price target of $62 on June 22, 2023. This analyst has an accuracy rate of 72%.
• JP Morgan analyst Ken Goldman upgraded the stock from Underweight to Neutral and raised the price target from $68 to $72 on May 5, 2023. This analyst has an accuracy rate of 81%.
• Recent News: Kellogg reported second-quarter FY23 organic sales growth of 7.1% year-on-year to $4.14 billion, beating the analyst consensus of $4.05 billion.

Kimberly-Clark Corporation KMB

• Dividend Yield: 3.67%
• Morgan Stanley analyst Dara Mohsenian reiterated an Equal-Weight rating with a price target of $153 on July 26, 2023. This analyst has an accuracy rate of 75%.
• Deutsche Bank analyst Steve Powers maintained a Hold rating and raised the price target from $123 to $133 on April 26, 2023. This analyst has an accuracy rate of 74%.
• Recent News: Kimberly-Clark reported second-quarter FY23 sales growth of 1% year-on-year to $5.1 billion, missing the analyst consensus estimate of $5.13 billion.

Conagra Brands, Inc. CAG

• Dividend Yield: 4.31%
• Deutsche Bank analyst Steve Powers maintained a Hold rating and cut the price target from $36 to $35 on July 14, 2023. This analyst has an accuracy rate of 74%.
• 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%.
• Recent News: ConAgra Brands reported fourth-quarter FY23 sales growth of 2.2% year-on-year to $2.973 billion, marginally missing the consensus of $2.990 billion.

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