Kentucky Farm Bureau Mutual Insurance Co acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,718 shares of the company’s stock, valued at approximately $4,076,000. Merck KGaA accounts for 1.1% of Kentucky Farm Bureau Mutual Insurance Co’s investment portfolio, making the stock its 22nd largest holding.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Addison Advisors LLC purchased a new stake in Merck KGaA during the 2nd quarter valued at $90,000. Comprehensive Financial Planning Inc. PA purchased a new position in Merck KGaA during the second quarter worth $134,000. Stevens Capital Partners purchased a new position in Merck KGaA during the second quarter worth $220,000. BOK Financial Private Wealth Inc. bought a new position in Merck KGaA during the second quarter valued at $523,000. Finally, Compass Wealth Management LLC purchased a new stake in shares of Merck KGaA in the second quarter valued at $834,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
Merck KGaA stock opened at $167.38 on Thursday. The firm has a 50-day moving average price of $162.50 and a 200-day moving average price of $148.28. The firm has a market capitalization of $21.63 billion, a PE ratio of 25.55 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. Merck KGaA has a 12-month low of $116.68 and a 12-month high of $175.56.
Merck KGaA 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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