Wall Street's Most Accurate Analysts' Views On 3 Risk Off Stocks With Over 5% 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 .

Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.

Altria Group, Inc. MO

• Dividend Yield: 9.43%
• Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023. This analyst has an accuracy rate of 65%.
• Stifel analyst Matthew Smith reinstated a Buy rating with a price target of $52 on April 14, 2023. This analyst has an accuracy rate of 61%.
• Recent News: On Feb. 26, Altria Group announced retirement of Director Jacinto J. Hernandez from Board of Directors.

B&G Foods, Inc. BGS

• Dividend Yield: 6.87%
• Piper Sandler analyst Michael Lavery maintained an Underweight rating and raised the price target from $8 to $9 on Feb. 28, 2024. This analyst has an accuracy rate of 71%.
• TD Cowen analyst Robert Moskow maintained an Underperform rating and cut the price target from $10 to $9.5 on Sept. 19, 2023. This analyst has an accuracy rate of 66%.
• Recent News: On Feb. 27, B&G Foods reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance.

Philip Morris International Inc. PM

• Dividend Yield: 5.68%
• Argus Research analyst David Coleman downgraded the stock from Buy to Hold on March 5, 2024. This analyst has an accuracy rate of 61%.
• Stifel analyst Matthew Smith reiterated a Buy rating with a price target of $114 on Oct. 2, 2023. This analyst has an accuracy rate of 61%.
• Recent News: On March 5, Philip Morris said it invested $5 million in Women's empowerment with Women's Business Development Council partnership.

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