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Wall Street's Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields
Kraft HeinzKraft Heinz(US:KHC) Benzingaยท2024-10-03 11:33

Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Company Summaries Walgreens Boots Alliance, Inc. (WBA) - Dividend Yield: 11.49% - UBS analyst Kevin Caliendo maintained a Neutral rating and reduced the price target from $17 to $12 [3] - RBC Capital analyst Ben Hendrix maintained a Sector Perform rating and cut the price target from $22 to $13 [3] - Recent News: On Sept. 13, WBA agreed to pay $106.8 million to settle allegations of submitting false claims to government healthcare programs [3] The Kraft Heinz Company (KHC) - Dividend Yield: 4.66% - Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and raised the price target from $34 to $35 [4] - B of A Securities analyst Bryan Spillane maintained a Buy rating and lowered the price target from $42 to $38 [4] - Recent News: On July 31, KHC reported better-than-expected second-quarter adjusted EPS results [4] Philip Morris International Inc. (PM) - Dividend Yield: 4.52% - Goldman Sachs analyst Bonnie Herzog maintained a Buy rating and increased the price target from $126 to $140 [5] - Barclays analyst Gaurav Jain maintained an Overweight rating and raised the price target from $130 to $145 [5] - Recent News: PM is expected to report results for its fiscal third quarter on Oct. 22 [5]