the article talks about 3 special stocks that give a lot of money back to their owners. people who know a lot about stocks think these stocks are good choices for people who want to get money back from their investments. these stocks are part of a big company that sells things people need, like food and cigarettes. the article also tells us that sometimes, these companies don't do so well, and they might not make as much money as people thought they would. but overall, these stocks are seen as safe places to put your money, because they have a history of giving back a lot of money to their owners. Read from source...
Wall Street's Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High- Dividend Yields by Avi Kapoor, Benzinga Staff Writer dated August 8, 2024. The article examines three defensive dividend stocks: Altria Group (MO), Conagra Brands (CAG), and Kraft Heinz (KHC), and reviews various analyst ratings, with varying price targets, dividend yields, recent financial results, and market performance. The article concludes with brief commentary on each stock's performance.
One significant inconsistency in the article is that despite the high-dividend yields of these defensive stocks, recent financial results showed that Altria Group, Conagra Brands, and Kraft Heinz all reported worse-than-expected financial results in their most recent quarters. Furthermore, Conagra Brands even issued a FY25 adjusted EPS guidance below estimates, which raises questions about their financial outlook. This inconsistency, in turn, raises questions about the validity of the high-dividend yields offered by these stocks.
Additionally, the article's reliance on analyst ratings and price targets, in particular, raises concerns about its potential biases. Analysts' ratings are subjective and can be influenced by various factors, such as personal opinions, client demands, and market trends. Therefore, the article's heavy reliance on analysts' ratings may leave it vulnerable to these biases, potentially influencing the reader's investment decisions.
Lastly, the article suffers from a lack of critical examination and fails to provide a broader context or alternative viewpoints. It seems to present these three defensive dividend stocks as a sufficient and comprehensive list, without examining other possible options. Furthermore, the article does not adequately discuss the broader market conditions, such as inflation, interest rates, and geopolitical risks, that could influence these stocks' performance.
Overall, while the article provides useful information, it could benefit from increased objectivity, critical examination, and broader context. AI can recommend that readers take these factors into account when making investment decisions.
Altria Group (MO) has a high dividend yield of 7.84%, according to analysts' ratings, with B of A Securities maintaining a Neutral rating and raising the price target from $47 to $48. Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45. However, Altria Group reported worse-than-expected second-quarter financial results. Conagra Brands (CAG) has a dividend yield of 4.70%, with Evercore ISI Group maintaining a Neutral rating and lowering the price target from $32 to $31. Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and cut the price target from $32 to $31. Conagra Brands also reported worse-than-expected fourth-quarter sales results. The Kraft Heinz Company (KHC) has a dividend yield of 4.61%, with Wells Fargo maintaining an Equal-Weight rating and raising the price target from $34 to $35. B of A Securities maintained a Buy rating and cut the price target of $42 to $38. Kraft Heinz reported better-than-expected second-quarter adjusted EPS results.