Morgan Stanley initiated coverage on shares of Embotelladora Andina S.A. (NYSE:AKO.A) in a report issued on Thursday, Marketbeat.com reports. The brokerage issued an underweight rating on the stock.
Separately, HSBC Holdings plc raised Embotelladora Andina from a reduce rating to a hold rating in a research note on Friday, June 9th.
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The company also recently declared a None dividend, which was paid on Thursday, September 14th. Investors of record on Friday, August 25th were paid a $0.184 dividend. The ex-dividend date was Wednesday, August 23rd. Embotelladora Andina’s payout ratio is 62.38%.
Embotelladora Andina Company Profile
Embotelladora Andina SA (Andina) is a bottler of Coca-Cola trademark beverages in Latin America. The Company operates in four segments: Chile, Brazil, Argentina and Paraguay. It produces and distributes fruit juices, other fruit-flavored beverages and mineral and purified water in Chile, Argentina and Paraguay under trademarks owned by The Coca-Cola Company.
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