The Manufacturers Life Insurance Company purchased a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,073,176 shares of the company’s stock, valued at approximately $266,403,000. The Manufacturers Life Insurance Company owned 1.60% of Merck KGaA as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of MKGAF. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Merck KGaA during the 2nd quarter worth $942,087,000. Cibc World Market Inc. purchased a new stake in shares of Merck KGaA in the 2nd quarter worth $186,005,000. Madison Wealth Partners Inc bought a new position in shares of Merck KGaA during the 2nd quarter worth $1,031,000. Keating Financial Advisory Services Inc. bought a new position in shares of Merck KGaA during the 2nd quarter worth $592,000. Finally, August Group Capital Ltd purchased a new position in shares of Merck KGaA during the second quarter valued at $390,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of Merck KGaA stock opened at $163.45 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $162.78 and its 200-day moving average price is $148.59. The firm has a market cap of $21.12 billion, a P/E ratio of 24.95 and a beta of 0.96. Merck KGaA has a 12 month low of $116.68 and a 12 month high of $175.56.
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.
Further Reading
- Five stocks we like better than Merck KGaA
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding MKGAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck KGaA (OTCMKTS:MKGAF – Free Report).
Receive News & Ratings for Merck KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck KGaA and related companies with MarketBeat.com's FREE daily email newsletter.
