Kentucky Farm Bureau Mutual Insurance Co bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,718 shares of the company’s stock, valued at approximately $4,076,000. Merck KGaA comprises approximately 1.1% of Kentucky Farm Bureau Mutual Insurance Co’s investment portfolio, making the stock its 22nd biggest holding.
A number of other hedge funds have also recently made changes to their positions in the stock. Danske Bank A S bought a new stake in Merck KGaA during the 2nd quarter valued at about $276,535,000. Great Lakes Advisors LLC purchased a new position in shares of Merck KGaA during the second quarter worth approximately $183,444,000. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Merck KGaA during the second quarter valued at approximately $25,541,000. NewEdge Wealth LLC purchased a new stake in shares of Merck KGaA in the second quarter valued at approximately $8,340,000. Finally, Diversify Advisory Services LLC bought a new position in Merck KGaA in the second quarter worth approximately $3,810,000. 0.10% of the stock is currently owned by institutional investors.
Merck KGaA Trading Up 4.5%
MKGAF opened at $167.38 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $162.50 and its two-hundred day moving average is $148.28. The company has a market capitalization of $21.63 billion, a P/E ratio of 25.55 and a beta of 0.96. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56.
Merck KGaA Company Profile
Merck KGaA, headquartered in Darmstadt, Germany, is a long-established multinational chemical and pharmaceutical company with roots dating back to 1668. Operating under the brand Merck Group (and using distinct consumer-facing names in certain regions to avoid confusion with other companies of similar name), the company is privately controlled by the Merck family and organizes its activities across multiple business units that serve customers in Europe, the Americas, Asia-Pacific and beyond.
The company’s operations are organized mainly into three businesses.
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