Wall Street's Most Accurate Analysts Say Hold These 3 Risk Off Stocks With Over 3% Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts have recommended holding three high-yielding stocks in the consumer staples sector: Kellogg Company (K), Kimberly-Clark Corporation (KMB), and Conagra Brands, Inc. (CAG). These stocks have dividend yields of 3.62%, 3.67%, and 4.31% respectively. Recent financial reports show that Kellogg beat analyst consensus on Q2 FY23 organic sales, while Kimberly-Clark and Conagra Brands slightly missed their sales estimates.
August 07, 2023 | 1:25 pm
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NEUTRAL IMPACT
Conagra Brands, Inc.'s stock was maintained as Hold by Deutsche Bank and Stifel. The company reported Q4 FY23 sales growth of 2.2% YoY, marginally missing the consensus.
Despite missing sales estimates, the stock's rating was maintained by analysts, indicating a neutral outlook. The company's high dividend yield may also provide some stability.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Kimberly-Clark Corporation's stock was reiterated as Equal-Weight by Morgan Stanley and maintained as Hold by Deutsche Bank. The company reported Q2 FY23 sales growth of 1% YoY, slightly missing the consensus.
Despite missing sales estimates, the stock's rating was maintained by analysts, indicating a neutral outlook. The company's high dividend yield may also provide some stability.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Kellogg Company's stock was upgraded by analysts from Bernstein and JP Morgan. The company reported Q2 FY23 organic sales growth of 7.1% YoY, beating the consensus.
The stock was upgraded by two analysts, indicating a positive outlook. The company's recent financial performance, which beat estimates, also supports this positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100