Canada Pension Plan Investment Board bought a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,176,604 shares of the company’s stock, valued at approximately $536,694,000.
Several other hedge funds also recently modified their holdings of MKGAF. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Merck KGaA in the second quarter valued at approximately $942,087,000. Whalen Wealth Management Inc. acquired a new stake in shares of Merck KGaA in the second quarter worth $1,600,000. Cibc World Market Inc. bought a new stake in shares of Merck KGaA during the 2nd quarter worth $186,005,000. Madison Wealth Partners Inc acquired a new position in Merck KGaA in the 2nd quarter valued at $1,031,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in Merck KGaA in the 2nd quarter valued at $592,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of MKGAF opened at $164.00 on Wednesday. The company has a market capitalization of $21.20 billion, a PE ratio of 25.04 and a beta of 0.96. 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’s fifty day moving average price is $163.08 and its 200 day moving average price is $148.69.
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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