Mission Financial Group LLC purchased a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,374 shares of the company’s stock, valued at approximately $434,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new position in shares of Merck KGaA during the 2nd quarter valued at about $25,000. Rakuten Securities Inc. purchased a new stake in Merck KGaA in the second quarter worth approximately $27,000. Burk Holdings LLC bought a new position in Merck KGaA during the second quarter valued at approximately $39,000. Bard Associates Inc. bought a new position in Merck KGaA during the second quarter valued at approximately $60,000. Finally, Kilter Group LLC purchased a new position in shares of Merck KGaA during the second quarter worth approximately $62,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.
Merck KGaA Stock Performance
Shares of MKGAF opened at $163.21 on Monday. Merck KGaA has a fifty-two week low of $116.68 and a fifty-two week high of $175.56. The firm has a market cap of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96. The firm has a 50 day moving average price of $162.62 and a 200-day moving average price of $148.44. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31.
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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