Coca-Cola soda started in 1886 when Dr. John S. Pemberton, a pharmacist in Atlanta, invented the now famous soft drink and sold it in the soda fountain of his pharmacy. This unique beverage has a moderate effect, averaging 9 servings per day. Before his death, he sold most of his shares to Atlanta businessman Asa Griggs Candler, who founded the Coca-Cola Company (NYSE: KO) in 1892. Candler has expanded its sales to soda fountains all over the country. As demand for soda grew, Joseph Bidenhahn became the first person to pack Coca-Cola by installing a bottling machine behind a pharmacy in Mississippi.
Coca-Cola has grown into one of the world's largest beverage companies, with more than 500 brands and more than 3600 different products worldwide. In fiscal year 2017, Coca-Cola brought in $35.4 billion in revenue. On July 25, 2018, Coca-Cola announced its second-quarter earnings, a decline of 8% in net income compared with the previous quarter. Coca-Cola has a market value of $191.27 billion.
The following are Coca-Cola's top four mutual fund holders.
Pioneer Total Stock Index Fund
As of June 29, 2018, Pioneer General Stock Market Index Fund (VTSMX), the largest mutual fund holder, had 95.9 million shares in Coca-Cola. The fund's investment in Coca-Cola accounts for 2.25% of its total shares and 0.60% of VTSMX's total assets. The mutual fund aims to provide a wide range of risk exposure across the United States. The stock market includes growth and value stocks of small, medium and large stocks.
As of 30 June 2018, VTSMX managed assets amounted to $70.12 billion, with a cost rate of 0.14%, a turnover rate of 3%, and a minimum investment of $3,000. The five-year annualized return of the fund is 12.60%.
Pioneer 500 Index Fund Investor Stock (VFINX)
As of June 29, 2018, the Vanguard 500 Index Fund (VFINX) had 69.3 million shares in Coca-Cola, becoming the second largest mutual fund holder. VFINX owns 1.63% of Coca-Cola. This accounts for 0.73% of the total assets of the fund. VFINX invests in 509 stocks, covering the largest diversification in the United States. Company, reflecting the Standard & Poor's 500 Index.
As of 30 June 2018, VFINX's asset management scale was $417.7 billion, with a cost rate of 0.14%, a turnover rate of 3%, and a minimum investment of $3,000. The five-year annualized return of the fund is 13.26%.
SPDR Standard & Poor's 500 ETF (SPY)
As of July 19, 2018, the $265.1 billion ETF owned 42.8 million shares of Coca-Cola, accounting for 0.73% of its total assets and 1.05% of its total shares. The fund tracks the S&P 500 index and invests 505 stocks through passive management and complete replication. As at 30 June 2018, the five-year annualized return of the Fund was 13.28%.
Pioneer Institutional Index Fund Institutional Unit (VINIX)
As of June 30, 2018, the $223.5 billion institutional fund tracked the S&P 500 index and invested 507 stocks through passive management and complete replication. Pioneer Institutional Index Fund (Vinix) has 37 million shares in Coca-Cola, accounting for 0.87% of the total shares held as of June 29, 2018. Coca-Cola shares account for 0.73% of total portfolio assets. The five-year annualized return of the fund is 13.39%. This is the institutional version of the Pioneer 500 Index Fund, which only applies to institutional investors. The minimum investment is $5 million.