Mmbg Investment Advisors CO. bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 22,563 shares of the company’s stock, valued at approximately $2,919,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MKGAF. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Merck KGaA in the 2nd quarter worth about $134,000. Stevens Capital Partners purchased a new stake in shares of Merck KGaA during the 2nd quarter worth about $220,000. BOK Financial Private Wealth Inc. acquired a new position in Merck KGaA during the second quarter valued at approximately $523,000. Compass Wealth Management LLC acquired a new stake in shares of Merck KGaA in the second quarter worth $834,000. Finally, Chancellor Financial Group WB LP acquired a new position in shares of Merck KGaA during the 2nd quarter valued at $839,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Price Performance
Shares of OTCMKTS MKGAF opened at $167.38 on Thursday. The company has a market capitalization of $21.63 billion, a price-to-earnings ratio of 25.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. Merck KGaA has a 1-year low of $116.68 and a 1-year high of $175.56. The business has a 50-day moving average of $162.50 and a 200-day moving average of $148.28.
About Merck KGaA
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.
See Also
- Five stocks we like better than Merck KGaA
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding MKGAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck KGaA (OTCMKTS:MKGAF – Free Report).
Receive News & Ratings for Merck KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck KGaA and related companies with MarketBeat.com's FREE daily email newsletter.
