Dearborn Partners LLC bought a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, Holdings Channel reports. The fund bought 28,921 shares of the company’s stock, valued at approximately $3,716,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE bought a new position in shares of Merck KGaA in the second quarter valued at approximately $3,923,774,000. Legal & General Group Plc bought a new stake in Merck KGaA during the 2nd quarter worth approximately $2,425,225,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Merck KGaA during the 2nd quarter worth approximately $942,087,000. Caisse de depot et placement du Quebec purchased a new stake in Merck KGaA in the 2nd quarter worth approximately $571,582,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Merck KGaA in the 2nd quarter worth approximately $536,694,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Stock Down 3.9%
Shares of OTCMKTS:MKGAF opened at $158.15 on Friday. The firm has a fifty day moving average price of $163.21 and a two-hundred day moving average price of $148.95. The company has a market cap of $20.44 billion, a price-to-earnings ratio of 24.14 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.
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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