Beat Inflation With These 3 High-Yielding Dividend Stocks In Defensive Sector From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Analysts have provided ratings for high-yielding dividend stocks in the consumer staples sector. Nu Skin Enterprises (NUS) has a dividend yield of 8.21% and mixed ratings with a price target cut. B&G Foods (BGS) offers a 7.22% yield but has been downgraded with a lower price target. Kimberly-Clark Corporation (KMB) has a 3.83% yield, with one downgrade and a slight price target increase from different analysts. Nu Skin and Kimberly-Clark have reported preliminary and third-quarter results, respectively.
January 09, 2024 | 12:49 pm
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NEGATIVE IMPACT
B&G Foods has a 7.22% dividend yield but was downgraded to Underweight by Piper Sandler with a significant price target cut, and maintains an Underperform rating from TD Cowen with a slight price target decrease. Q3 earnings were upbeat but sales missed estimates.
The downgrades and lowered price targets from analysts, combined with mixed Q3 results, suggest a negative short-term impact on BGS's stock price.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Kimberly-Clark has a dividend yield of 3.83% with a downgrade to Underperform and a price target cut from B of A Securities, and an Equal-Weight rating with a slight price target increase from Barclays. Q3 sales grew but missed estimates.
The downgrade by B of A Securities and the sales miss in Q3 could negatively affect investor sentiment, despite the slight price target increase from Barclays.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Nu Skin has a high dividend yield of 8.21% but received a Neutral rating and a price target cut from DA Davidson, and a Hold rating with a price target reduction from Stifel. Preliminary Q4 revenue is above guidance.
While the high dividend yield is attractive, the mixed analyst ratings and price target cuts could create uncertainty, potentially balancing the stock's short-term performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80