Old North State Trust LLC bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,326 shares of the company’s stock, valued at approximately $941,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE purchased a new position in Merck KGaA during the 2nd quarter worth approximately $3,923,774,000. Legal & General Group Plc purchased a new position in shares of Merck KGaA during the 2nd quarter valued at approximately $2,425,225,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Merck KGaA in the 2nd quarter valued at $942,087,000. Caisse de depot et placement du Quebec acquired a new position in shares of Merck KGaA in the 2nd quarter valued at $571,582,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Merck KGaA during the second quarter worth $536,694,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Stock Down 3.9%
MKGAF stock opened at $158.15 on Friday. The firm has a market cap of $20.44 billion, a PE ratio of 24.14 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. The firm’s fifty day moving average is $163.21 and its 200 day moving average is $148.95. Merck KGaA has a one year low of $116.68 and a one year 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.
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