Flavin Financial Services Inc. purchased a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 23,296 shares of the company’s stock, valued at approximately $2,994,000. Merck KGaA comprises approximately 1.7% of Flavin Financial Services Inc.’s portfolio, making the stock its 21st largest position.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gables Capital Management Inc. acquired a new stake in Merck KGaA during the 2nd quarter worth $2,095,000. Diversify Advisory Services LLC purchased a new position in shares of Merck KGaA in the second quarter worth about $3,810,000. Danske Bank A S acquired a new position in Merck KGaA during the second quarter worth about $276,535,000. Danica Pension Livsforsikringsaktieselskab purchased a new stake in Merck KGaA during the 2nd quarter valued at about $25,541,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in Merck KGaA during the 2nd quarter valued at about $523,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
MKGAF stock opened at $163.21 on Monday. 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 firm has a 50-day moving average of $162.62 and a two-hundred day moving average of $148.44. Merck KGaA has a 12 month low of $116.68 and a 12 month high of $175.56. The company has a market cap of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96.
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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