Canada Pension Plan Investment Board acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,176,604 shares of the company’s stock, valued at approximately $536,694,000. Canada Pension Plan Investment Board owned about 3.23% of Merck KGaA at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Osterweis Capital Management Inc. bought a new stake in shares of Merck KGaA during the 2nd quarter worth $323,000. Kinloch Capital LLC acquired a new stake in shares of Merck KGaA during the second quarter worth $578,000. AFT Forsyth & Company Inc. acquired a new stake in shares of Merck KGaA during the second quarter worth $822,000. Legal & General Group Plc purchased a new stake in shares of Merck KGaA during the second quarter valued at $2,425,225,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Merck KGaA during the second quarter valued at $266,403,000. 0.10% of the stock is currently owned by institutional investors.
Merck KGaA Trading Up 0.3%
OTCMKTS:MKGAF opened at $164.00 on Wednesday. The stock has a fifty day simple moving average of $163.08 and a 200 day simple moving average of $148.69. The firm has a market capitalization of $21.20 billion, a price-to-earnings ratio of 25.04 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 quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27.
Merck KGaA Company 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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