Trillium Asset Management LLC acquired a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 87,017 shares of the company’s stock, valued at approximately $11,182,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of MKGAF. Danske Bank A S bought a new position in shares of Merck KGaA during the 2nd quarter valued at approximately $276,535,000. Great Lakes Advisors LLC bought a new stake in Merck KGaA in the second quarter worth $183,444,000. Tocqueville Asset Management L.P. bought a new stake in Merck KGaA in the second quarter worth $57,546,000. Edmond DE Rothschild Holding S.A. purchased a new position in Merck KGaA during the second quarter worth $51,346,000. Finally, Vise Technologies Inc. purchased a new position in Merck KGaA during the second quarter worth $27,990,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Down 0.9%
MKGAF stock opened at $162.12 on Friday. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of 24.75 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The firm’s fifty day simple moving average is $162.47 and its two-hundred day simple moving average is $148.35.
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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