Wall Street's Most Accurate Analysts Give Their Take On 3 Defensive 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 consumer staples stocks: Altria Group, Conagra Brands, and The Kraft Heinz Company. These stocks are often favored during market turbulence due to their high free cash flows and dividend payouts. Recent analyst ratings and financial results for these companies are highlighted.
August 08, 2024 | 11:50 am
News sentiment analysis
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Ascending
NEGATIVE IMPACT
Conagra Brands has received neutral analyst ratings with lowered price targets. The company reported worse-than-expected Q4 sales and issued below-estimate FY25 EPS guidance.
The neutral analyst ratings and lowered price targets, combined with disappointing Q4 sales and FY25 EPS guidance, suggest a likely short-term negative impact on the stock.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
Altria Group has received mixed analyst ratings with a slight increase in price targets. However, the company reported worse-than-expected Q2 financial results.
Despite the mixed analyst ratings and slight price target increases, the worse-than-expected Q2 financial results may neutralize any positive sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Kraft Heinz Company has received mixed analyst ratings with slight adjustments in price targets. The company reported better-than-expected Q2 adjusted EPS results.
The mixed analyst ratings and slight price target adjustments are offset by the better-than-expected Q2 adjusted EPS results, suggesting a likely short-term positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100