Northwestern Mutual Wealth Management Co. bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 386,735 shares of the company’s stock, valued at approximately $49,695,000. Northwestern Mutual Wealth Management Co. owned approximately 0.30% of Merck KGaA as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new stake in Merck KGaA in the second quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new stake in shares of Merck KGaA in the second quarter valued at about $27,000. Bard Associates Inc. acquired a new position in shares of Merck KGaA in the 2nd quarter worth approximately $60,000. Kilter Group LLC bought a new stake in Merck KGaA during the second quarter valued at $62,000. Finally, Addison Advisors LLC acquired a new position in shares of Merck KGaA in the 2nd quarter valued at about $90,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Price Performance
Merck KGaA stock opened at $163.21 on Friday. 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 stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96. The stock’s 50 day moving average price is $162.62 and its two-hundred day moving average price is $148.46. Merck KGaA has a 52-week low of $116.68 and a 52-week 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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