EFG International AG bought a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 119,627 shares of the company’s stock, valued at approximately $15,364,000. EFG International AG owned about 0.09% of Merck KGaA as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $942,087,000. Whalen Wealth Management Inc. bought a new position in Merck KGaA during the 2nd quarter worth $1,600,000. Cibc World Market Inc. acquired a new stake in Merck KGaA in the second quarter worth $186,005,000. Madison Wealth Partners Inc acquired a new stake in Merck KGaA in the second quarter worth $1,031,000. Finally, Keating Financial Advisory Services Inc. bought a new stake in Merck KGaA in the second quarter valued at $592,000. 0.10% of the stock is owned by institutional investors.
Merck KGaA Stock Performance
Shares of MKGAF opened at $164.00 on Wednesday. The firm has a fifty day moving average of $163.08 and a 200-day moving average of $148.69. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 25.04 and a beta of 0.96. 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 1 year low of $116.68 and a 1 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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