Dearborn Partners LLC bought a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, Holdings Channel reports. The fund bought 35,043 shares of the company’s stock, valued at approximately $4,215,000.
Several other large investors also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $942,087,000. Bank of Nova Scotia purchased a new position in Merck KGaA in the second quarter valued at approximately $281,696,000. Danske Bank A S bought a new position in Merck KGaA during the second quarter valued at $276,535,000. Korea Investment CORP bought a new position in Merck KGaA during the second quarter valued at $239,191,000. Finally, Cibc World Market Inc. purchased a new stake in Merck KGaA in the second quarter worth $186,005,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of MKGAF opened at $163.45 on Tuesday. The firm has a market cap of $21.12 billion, a PE ratio of 24.95 and a beta of 0.96. The stock’s fifty day moving average price is $162.78 and its two-hundred day moving average price is $148.59. 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.
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.
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