Johnson Financial Group Inc. bought a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, Holdings Channel reports. The fund bought 21,390 shares of the company’s stock, valued at approximately $2,767,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MKGAF. Great Lakes Advisors LLC purchased a new stake in Merck KGaA in the second quarter worth $183,444,000. BOK Financial Private Wealth Inc. bought a new position in Merck KGaA in the 2nd quarter worth $523,000. Avaii Wealth Management LLC bought a new position in Merck KGaA in the 2nd quarter worth $1,573,000. Compass Wealth Management LLC bought a new stake in shares of Merck KGaA during the 2nd quarter valued at about $834,000. Finally, Diversify Advisory Services LLC purchased a new position in shares of Merck KGaA during the second quarter valued at about $3,810,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of MKGAF opened at $167.38 on Thursday. 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 one year low of $116.68 and a one year high of $175.56. The company has a 50-day simple moving average of $162.50 and a two-hundred day simple moving average of $148.28. The firm has a market capitalization of $21.63 billion, a PE ratio of 25.55 and a beta of 0.96.
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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