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.
Sysco Corporation SYY
- Dividend Yield: 3.18%
- Truist Securities analyst Jake Bartlett maintained a Buy rating and cut the price target from $88 to $87 on Aug. 2, 2023. This analyst has an accuracy rate of 83%.
- Barclays analyst Jeffrey Bernstein maintained an Overweight rating and raised the price target from $85 to $86 on Aug. 2, 2023. This analyst has an accuracy rate of 71%.
- Recent News: Sysco reported fourth-quarter FY23 sales growth of 4.1% year-on-year to $19.728 billion, missing the consensus of $19.85 billion.
PepsiCo, Inc. PEP
- Dividend Yield: 3.01%
- Barclays analyst Lauren Lieberman maintained an Overweight rating and slashed the price target from $198 to $179 on Oct. 4, 2023. This analyst has an accuracy rate of 60%.
- Argus Research analyst John Staszak maintained a Buy rating and raised the price target from $206 to $212 on July 14, 2023. This analyst has an accuracy rate of 67%.
- Recent News: PepsiCo is scheduled to issue its third quarter 2023 financial results on Oct. 10, 2023.
The Coca-Cola Company KO
- Dividend Yield: 3.46%
- Barclays analyst Lauren Lieberman maintained an Overweight rating and raised the price target from $69 to $70 on July 28, 2023. This analyst has an accuracy rate of 60%.
- Morgan Stanley analyst Dara Mohsenian reiterated an Overweight rating with a price target of $70 on July 27, 2023. This analyst has an accuracy rate of 75%.
- Recent News: The Coca-Cola Company is expected to release third quarter 2023 financial results on Oct. 24, 2023.
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