Allspring Cuts Coca-Cola Consolidated Stake by 39.6%; Company Declares $0.25 Q1 Dividend
Coca-Cola Consolidated declared a $0.25 Q1 dividend payable February 6, 2026 to shareholders on January 23, 2026. Allspring Global cut its stake by 39.6% to 15,222 shares ($1.81M) in Q3, while Boston Partners and State Street each boosted holdings by over 800%, amassing $233M and $193M positions respectively.
1. Coca-Cola Consolidated Declares First Quarter Dividend
Coca-Cola Consolidated, the largest independent Coca-Cola bottler in the United States, announced a first quarter 2026 cash dividend of $0.25 per share. The dividend is payable on February 6, 2026, to shareholders of record as of January 23, 2026. This distribution represents a continuation of the company’s dividend policy, marking its 119th consecutive quarterly payout, and underscores management’s confidence in sustained free cash flow generation across its 14-state and District of Columbia franchise.
2. Allspring Global Investments Trims Stake by Nearly 40%
In its latest Form 13F filing, Allspring Global Investments Holdings LLC disclosed a 39.6% reduction in its position in Coca-Cola Consolidated during the third quarter, selling 9,991 shares and retaining 15,222 shares valued at approximately $1.81 million. This divestiture contrasts with aggressive accumulations by other institutions: Boston Partners increased holdings by 942.2% to 2,089,876 shares (≈$233.3 million), State Street Corp lifted its stake by 836.9% to 1,729,065 shares (≈$193.1 million), Diversified Trust Co grew by 900.0% to 1,462,487 shares (≈$163.3 million) and Geode Capital Management LLC added 882.9% to reach 1,302,088 shares (≈$145.4 million). Institutional ownership now stands at 48.24%, reflecting divergent strategies among large holders despite a unanimous “Buy” consensus from analysts at MarketBeat.com.