Cibc World Market Inc. bought a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,447,507 shares of the company’s stock, valued at approximately $186,005,000.
Several other institutional investors have also recently made changes to their positions in the stock. Madison Wealth Partners Inc bought a new position in Merck KGaA in the 2nd quarter valued at about $1,031,000. Keating Financial Advisory Services Inc. purchased a new position in Merck KGaA in the second quarter worth $592,000. Tocqueville Asset Management L.P. bought a new position in Merck KGaA in the 2nd quarter valued at $57,546,000. August Group Capital Ltd purchased a new stake in Merck KGaA during the second quarter worth about $390,000. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $183,444,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of MKGAF stock opened at $163.21 on Monday. The stock has a market capitalization of $21.09 billion, a P/E ratio of 24.92 and a beta of 0.96. The firm’s 50 day moving average is $162.62 and its 200 day moving average is $148.44. Merck KGaA has a 12 month low of $116.68 and a 12 month high of $175.56. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.
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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