Zacks Investment Research upgraded shares of Embotelladora Andina SA ADR Series B (NYSE:AKO.B) from a sell rating to a hold rating in a report published on Tuesday morning.
According to Zacks, “Embotelladora Andina S.A. produces and distributes Coca-Cola products in Chile, Brazil and Argentina. Through subsidiaries, they also produce PET packaging, produce and distribute juices and mineral water, and process and distribute agricultural products, including canned fruits and tomato products. “
Separately, ValuEngine lowered Embotelladora Andina SA ADR Series B from a sell rating to a strong sell rating in a research note on Thursday, July 12th.
The business also recently announced a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Friday, October 19th were paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, October 18th. Embotelladora Andina SA ADR Series B’s payout ratio is currently 46.09%.
About Embotelladora Andina SA ADR Series B
Embotelladora Andina SA engages in the production and distribution of Coca-Cola products. Its products are categorized through sparkling beverages, juice, water, sport drink, energy drink, and ice tea. The company was founded on February 7, 1946 and is headquartered in Santiago, Chile.
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