In times of market turbulence, dividend-yielding stocks stand out like sturdy lighthouses on a stormy shore. These companies, providing high dividend payouts, offer investors a safe haven amid uncertainty.

Benzinga readers can now delve into the insights of top analysts, guiding them through the unpredictable waves of the market. The Analyst Stock Ratings page serves as a beacon, allowing traders to navigate through Benzinga’s comprehensive collection of analyst ratings, offering a spotlight on accuracy in assessment.

Below are the perspectives of Wall Street’s most precise analysts on three high-yielding stocks within the consumer staples sector.

B&G Foods, Inc. BGS

• Dividend Yield: 8.11%
• Piper Sandler analyst Michael Lavery downgraded the stock from Neutral to Underweight, reducing the price target from $14 to $8 on Oct. 4, 2023. Lavery, boasting a 71% accuracy rate, provided this assessment.
• TD Cowen analyst Robert Moskow maintained an Underperform rating, lowering the price target from $10 to $9.5 on Sept. 19, 2023. Moskow, with a 67% accuracy rate, shared this view.
• Recent News: B&G Foods announced the release of its fourth-quarter financial results after the market closed on Feb. 27, 2024.

Philip Morris International Inc. PM

• Dividend Yield: 5.75%
• Morgan Stanley analyst Pamela Kaufman retained an Overweight rating, adjusting the price target from $118 to $113 on Oct. 2, 2023. Kaufman, with a 65% accuracy rate, shared this forecast.
• Barclays analyst Gaurav Jain maintained an Overweight rating, revising the price target from $115 to $100 on Sept. 21, 2023. Jain, with a 64% accuracy rate, expressed this opinion.
• Recent News: On Feb. 21, Philip Morris International reiterated its 2024 full-year forecast, projecting reported diluted EPS of $5.90 to $6.02 and adjusted diluted EPS of $6.32 to $6.44.

Conagra Brands, Inc. CAG

• Dividend Yield: 5.00%
• Evercore ISI Group analyst David Palmer shifted from an Outperform to a Neutral rating, setting a price target of $32 on Dec. 11, 2023. Palmer, with a 69% accuracy rate, outlined this adjustment.
• Morgan Stanley analyst Pamela Kaufman held an Equal-Weight rating, reducing the price target from $37 to $29 on Oct. 9, 2023. Kaufman, with a 65% accuracy rate, provided this revised evaluation.
• Recent News: On Jan. 4, ConAgra Brands reported a mixed performance in its second-quarter financial results and adjusted its FY24 guidance.

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