Don't Miss These 3 Consumer Stocks With Over 6% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
The article highlights three consumer discretionary stocks with high dividend yields, as rated by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. Leggett & Platt (LEG) has a dividend yield of 7.75% but faces a restructuring plan and workforce reduction. Cracker Barrel (CBRL) offers a 6.89% yield but reported worse-than-expected Q1 results. Whirlpool (WHR) has a 6.27% yield and plans to sell part of its stake in Whirlpool India in 2024.
January 24, 2024 | 1:29 pm
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NEUTRAL IMPACT
Whirlpool has a dividend yield of 6.27% and plans to sell up to 24% of its stake in Whirlpool India in 2024. Analysts have given Neutral and Underperform ratings with varied price targets.
The planned sale of its stake in Whirlpool India could be seen as a strategic move, but mixed analyst ratings and varied price targets create uncertainty about the short-term impact.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Cracker Barrel has a dividend yield of 6.89% but reported disappointing Q1 financial results. Analysts have maintained Neutral ratings with lowered price targets.
The worse-than-expected financial results could lead to a negative investor sentiment, potentially causing a short-term decline in the stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Leggett & Platt has a high dividend yield of 7.75% but is undergoing restructuring and workforce reduction. Analysts have mixed views with a Hold and Underweight rating and reduced price targets.
The restructuring and workforce reduction indicate potential challenges ahead, which could negatively impact the stock price in the short term despite the high dividend yield.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90