Wall Street's Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their ratings on three high-dividend-yielding stocks in the consumer staples sector: Altria Group, Kellanova, and The Kraft Heinz Company. These stocks are favored during market turbulence for their high free cash flows and dividend payouts.
June 07, 2024 | 11:48 am
News sentiment analysis
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POSITIVE IMPACT
Kellanova has received Neutral ratings from JP Morgan and Piper Sandler, with raised price targets. The company reported better-than-expected Q1 financial results and reaffirmed its guidance.
The raised price targets and better-than-expected Q1 results are positive indicators. The reaffirmation of guidance adds to the positive outlook, likely leading to a short-term positive impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The Kraft Heinz Company has been upgraded by Piper Sandler and Evercore ISI Group, with raised price targets. The company posted mixed Q1 financial results.
The upgrades and raised price targets are positive indicators, despite the mixed Q1 results. The high dividend yield and positive analyst sentiment are likely to have a short-term positive impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Altria Group has received mixed ratings from analysts, with a Buy rating from Stifel and an Equal-Weight rating from Morgan Stanley. The company reported a 2.5% decline in Q1 FY24 sales but beat analyst estimates.
Despite a sales decline, Altria Group beat analyst estimates, which is a positive indicator. The mixed ratings suggest some uncertainty, but the high dividend yield and beating estimates are likely to have a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100