In tumultuous market conditions, investors often seek refuge in dividend-yielding stocks. These companies, with robust free cash flows, generously reward shareholders with substantial dividend payouts.
For astute investors, navigating the stock market is crucial. Delving into analyst ratings provides key insights, especially when mulling over high-yielding stocks in the consumer staples sector.
Walgreens Boots Alliance, Inc. (WBA)
- Dividend Yield: 11.49%
- UBS analyst Kevin Caliendo, known for his accuracy rate of 75%, maintained a Neutral rating on July 3, lowering the price target from $17 to $12.
- RBC Capital analyst Ben Hendrix, with a commendable accuracy rate of 73%, retained a Sector Perform rating while reducing the price target from $22 to $13 on July 2.
- Recent News: Walgreens Boots Alliance reached a settlement of $106.8 million on Sept. 13 to resolve allegations of submitting false claims to government healthcare programs.
The Kraft Heinz Company (KHC)
- Dividend Yield: 4.66%
- Wells Fargo analyst Chris Carey, boasting a 63% accuracy rate, maintained an Equal-Weight rating and raised the price target from $34 to $35 on Aug. 1.
- B of A Securities analyst Bryan Spillane, with a 64% accuracy rate, upheld a Buy rating while lowering the price target from $42 to $38 on July 10.
- Recent News: On July 31, Kraft Heinz reported second-quarter adjusted EPS results that exceeded expectations.
Philip Morris International Inc. (PM)
- Dividend Yield: 4.52%
- Goldman Sachs analyst Bonnie Herzog, known for her 71% accuracy rate, maintained a Buy rating and increased the price target from $126 to $140 on Sept. 26.
- Barclays analyst Gaurav Jain, with a 66% accuracy rate, retained an Overweight rating and raised the price target from $130 to $145 on Sept. 9.
- Recent News: Philip Morris International is set to announce its fiscal third-quarter results on Oct. 22.
