United Capital Financial Advisors LLC bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 142,059 shares of the company’s stock, valued at approximately $18,255,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in shares of Merck KGaA in the second quarter valued at approximately $25,000. Rakuten Securities Inc. purchased a new position in shares of Merck KGaA during the 2nd quarter worth approximately $27,000. Solstein Capital LLC purchased a new position in shares of Merck KGaA during the 2nd quarter worth approximately $33,000. Delos Wealth Advisors LLC acquired a new position in shares of Merck KGaA during the 2nd quarter worth approximately $33,000. Finally, Burk Holdings LLC acquired a new position in shares of Merck KGaA during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
MKGAF stock opened at $158.15 on Friday. The stock’s 50 day moving average price is $163.21 and its 200 day moving average price is $148.95. The firm has a market cap of $20.44 billion, a P/E ratio of 24.14 and a beta of 0.96. 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 has a 1 year low of $116.68 and a 1 year 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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