Cibc World Market Inc. bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,447,507 shares of the company’s stock, valued at approximately $186,005,000. Cibc World Market Inc. owned approximately 1.12% of Merck KGaA at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Frazier Financial Advisors LLC acquired a new stake in Merck KGaA during the second quarter worth approximately $25,000. Rakuten Securities Inc. acquired a new position in Merck KGaA during the second quarter worth about $27,000. Solstein Capital LLC bought a new position in Merck KGaA in the 2nd quarter valued at approximately $33,000. Burk Holdings LLC acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at $39,000. Finally, Bard Associates Inc. acquired a new stake in shares of Merck KGaA during the second quarter valued at about $60,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Stock Performance
MKGAF opened at $163.21 on Monday. 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 fifty-two week low of $116.68 and a fifty-two week high of $175.56. The firm has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96. The company’s 50 day moving average price is $162.62 and its two-hundred day moving average price is $148.44.
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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