Wall Street's Most Accurate Analysts' Views On 3 Defensive Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their views on three high-dividend yielding stocks in the consumer staples sector: Kellanova (K), SpartanNash Company (SPTN), and B&G Foods, Inc. (BGS). These stocks are considered defensive, offering investors stability through high dividend yields during market turbulence. Analyst ratings and price targets have been updated, reflecting a mix of hold, neutral, and underweight positions, with adjustments to price targets both upwards and downwards.
April 09, 2024 | 11:56 am
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NEGATIVE IMPACT
B&G Foods, Inc. received an underweight and underperform rating from analysts, despite better-than-expected Q4 results and positive FY24 revenue guidance. The dividend yield is 6.92%.
The cautious analyst ratings contrast with the company's recent positive performance and outlook. The high dividend yield may mitigate some investor concerns in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
SpartanNash Company has seen a decrease in price targets from analysts at BMO Capital and Deutsche Bank. The company recently promoted Nicole Zube to Executive VP, Chief Human Resources Officer.
The decrease in price targets could indicate short-term challenges, but the executive promotion may signal positive internal developments. The high dividend yield remains attractive.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 85
NEUTRAL IMPACT
Kellanova has mixed analyst ratings with a slight decrease and increase in price targets by Jefferies and Piper Sandler, respectively. The company is set to release Q1 2024 financial results soon.
The mixed analyst ratings with minor adjustments in price targets suggest a stable outlook for Kellanova. The upcoming financial results could provide further direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90