North Star Asset Management Inc. purchased a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 10,981 shares of the company’s stock, valued at approximately $1,411,000.
Other large investors have also made changes to their positions in the company. ADAR1 Capital Management LLC acquired a new stake in shares of Merck KGaA in the second quarter valued at about $403,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Merck KGaA in the second quarter valued at about $942,087,000. Whalen Wealth Management Inc. acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at approximately $1,600,000. Cibc World Market Inc. acquired a new stake in shares of Merck KGaA during the 2nd quarter valued at approximately $186,005,000. Finally, Madison Wealth Partners Inc purchased a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $1,031,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Performance
MKGAF opened at $158.15 on Friday. The stock’s 50 day simple moving average is $163.21 and its 200 day simple moving average is $148.95. The stock has a market cap of $20.44 billion, a P/E ratio of 24.14 and a beta of 0.96. Merck KGaA has a 1-year low of $116.68 and a 1-year high of $175.56. 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 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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