Coca-Cola Consolidated declares $0.25 Q1 dividend, Allspring trims stake by 39.6%
Coca-Cola Consolidated announced a first-quarter 2026 dividend of $0.25 per share, payable on February 6, 2026, to shareholders of record as of January 23, 2026. Allspring Global Investments lowered its stake by 39.6% in the third quarter, selling 9,991 shares and retaining 15,222 shares valued at $1.81 million.
1. First Quarter Dividend Declared
Coca-Cola Consolidated, Inc. announced a first quarter 2026 dividend of $0.25 per share, payable on February 6, 2026 to shareholders of record as of January 23, 2026. This marks the company’s 15th consecutive quarter of sustained dividend payments, underscoring its commitment to returning capital to shareholders. The declared dividend represents a 4.2% increase over the same period last year, reflecting management’s confidence in cash flow generation across its Southeastern, South Central and Mid-Atlantic bottling territories.
2. Allspring Global Investments Reduces Position
In its most recent Form 13F filing, Allspring Global Investments Holdings LLC reported a 39.6% reduction in its stake in Coca-Cola Consolidated during the third quarter. The firm sold 9,991 shares, reducing its total holding to 15,222 shares valued at $1.81 million. This divestiture contrasts with several other institutional moves into the stock earlier in the year and may prompt investors to reassess portfolio allocations in the beverage bottler space.
3. Institutional Flows and Analyst Ratings
A wave of large-scale purchases in the second quarter saw Norges Bank initiate a new position valued at $280.7 million, while Boston Partners increased its stake by 942.2% to 2.09 million shares, representing $233.3 million. State Street Corp, Diversified Trust Co and Geode Capital Management each boosted holdings by over 800%, collectively adding roughly $501 million of stock. These inflows drove institutional ownership to 48.24%. On the analyst front, Weiss Ratings reiterated a buy rating in late December, contributing to a consensus buy outlook on MarketBeat.com and highlighting continued optimism around the company’s growth prospects and distribution capabilities.