These 3 Consumer Stocks With Over 5% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend three consumer stocks with over 5% dividend yields: Ford Motor Company (F), Hasbro, Inc. (HAS), and Foot Locker, Inc. (FL). Ford is facing a production cut for its F-150 Lightning electric pickup, Hasbro is restructuring for growth, and Foot Locker reported strong Q3 results with updated guidance.
December 21, 2023 | 12:13 pm
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POSITIVE IMPACT
Foot Locker has a dividend yield of 5.05%. Analysts from Piper Sandler and Telsey Advisory Group have upgraded the stock and raised price targets following strong Q3 results.
The upgrades and increased price targets from analysts, combined with better-than-expected Q3 results, suggest a positive short-term impact on Foot Locker's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Hasbro has a dividend yield of 5.60%. Analysts from DA Davidson and Stifel have maintained Buy ratings, despite a price target cut by DA Davidson, as Hasbro takes strategic steps for future growth.
The strategic steps for growth and the maintained Buy ratings indicate a positive outlook for Hasbro, which could lead to a favorable short-term impact on the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Ford has a dividend yield of 5.08%. Analysts from Morgan Stanley and Benchmark have given it Overweight and Buy ratings, respectively, despite a production cut for the F-150 Lightning.
While the production cut could be seen as negative, the maintained Overweight and Buy ratings from analysts suggest a belief in the company's long-term prospects, which may balance out short-term concerns.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80