The Coca-Cola drink is a famous drink worldwide. It is that soda that most enjoy because it has an amazing taste that lingers.
It is available worldwide so I bet we all know it. But, who is responsible for the supply of this drink? Who owns the Coca-Cola company?
The Coca-Cola company is an American founded Multinational beverage corporation.
The company was founded in 1892. Its main product sold and marketed worldwide is Coca-Cola (the soda).
It however also manufactures, sells and markets numerous other beverages, both alcoholic and non- alcoholic such as Ades (soy based drinks), Cheers (soft drink), Dasani (bottled water), Fanta (soda), minute maid (different fruit flavoured juice) amongst many others.
The headquarters of the company are in Atlanta, Georgia in the United States of America.
So, here goes a brief history of this famous drink. Coca cola, the soft drink with which the company initially started was developed in 1886 by pharmacist, John Stith Pemberton.
The product initially contained cocaine from coca leaves and caffeine from kola nuts which together acted as a stimulant.
The coca and kola inspired the name coca cola. In 1889, the formula and brand were sold for $2300 to Asa Griggs Candler who incorporated the Coca-Cola company in 1892.
By 1895, the drink was being sold in every state in the region. In 1919, the company was sold to Ernest Woodruff’s Trust company of Georgia.
The company then expanded and made various acquisitions like minute maid in 1960, Columbia Pictures, the movie studio in 1982.
The Coca-Cola company is public company that trades its shares on the New York stock exchange. This means the company has very many shareholders.
The top ten institutional shareholders of Coca-Cola are as mentioned. Berkshire Hathaway, Inc. owns 400,000,000 shares which amounts to 9.25% of the company.
It is followed by The Vanguard group, Inc. which owns 342,813,617 shares amounting to 7.93% of the company then BlackRock Fund Advisors which owns 199,523,725 shares amounting to 4.61% of the company. Those are the top three shareholders in their order.
They are then followed by SSGA Funds management, Inc. which owns 3.95%, Fidelity Management and Research Co. which owns 1.91%, Geode Capital Management LLC which owns 1.70%, Wellington Management Co. LLP owning 1.59%, JP Morgan Investment Management, Inc. owning 1.44%, Charles Schwab Investment Management Company which owns 1.21%, Northern Trust Investments, Inc. owning 1.07%.
The top ten mutual funds holding Coca-Cola are vanguard Total stock market index owning 2.67%, Vanguard 500 index fund owning 2.01%, Fidelity 500 index fund owning 0.97%, SPDR S&P 500 ETF trust owning 0.97%, Government pension fund- global owning 0.85%, ! Shares Core S&P 500 ETF owning 0.80%, Vanguard Value Index Fund owning 0.78%, Vanguard Institutional Index Fund owning 0.67%, SPDR Series- Consumer staples owning 0.61% and lastly Schwab US Dividend Equity ETF owning 0.59%.
At the moment, these are the current top owners of the Coca-Cola company together with other shareholders.