Te Ahumairangi Investment Management Ltd acquired a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 50,511 shares of the company’s stock, valued at approximately $6,491,000. Merck KGaA makes up approximately 1.0% of Te Ahumairangi Investment Management Ltd’s investment portfolio, making the stock its 29th largest position.
A number of other large investors also recently added to or reduced their stakes in MKGAF. Frazier Financial Advisors LLC purchased a new stake in Merck KGaA during the second quarter valued at about $25,000. Rakuten Securities Inc. purchased a new stake in Merck KGaA during the 2nd quarter valued at about $27,000. Burk Holdings LLC purchased a new stake in Merck KGaA during the 2nd quarter valued at about $39,000. Bard Associates Inc. purchased a new position in Merck KGaA in the 2nd quarter worth approximately $60,000. Finally, Kilter Group LLC bought a new stake in Merck KGaA in the second quarter valued at approximately $62,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
Shares of Merck KGaA stock opened at $163.21 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. Merck KGaA has a 52-week low of $116.68 and a 52-week high of $175.56. The company’s 50 day moving average price is $162.62 and its 200-day moving average price is $148.44. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96.
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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