Coca Cola Stocks Price Today (KO)
2022.12.29 12:24
The Coca-Cola Company is a multinational beverage company based in the United States that was established in 1892 and is best known for producing Coca-Cola. Other non-alcoholic beverage concentrates and syrups as well as alcoholic beverages are produced, sold, and marketed by The Coca-Cola Company. The stock of the company is traded on the NYSE and is included in the DJIA, S&P 500, and S&P 100 indexes.
John Stith Pemberton, a pharmacist, created the soft drink in 1886. Cocaine from coca leaves and caffeine from kola nuts, both of which were stimulants at the time, were in the product. The combination of coca and kola is the inspiration for the product’s name, which also led to Coca-Cola’s positioning as a “healthy tonic.”
Pemberton had developed an addiction to morphine after suffering severe wounds during the American Civil War. In an effort to control his addiction, he created the beverage as a patent-pending medication.
The formula and brand were purchased by Asa Griggs Candler, who founded the Coca-Cola Company in Atlanta in 1892, for $2,300 (roughly $71,000 in 2022). Since 1889, the company has used a franchised distribution system.
The majority of the company makes syrup concentrate, which it sells to bottlers around the world who have exclusive territories. Coca-Cola Refreshments, the company’s primary North American bottler, is owned by the company.
