Van Hulzen Asset Management LLC acquired a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,759 shares of the company’s stock, valued at approximately $1,768,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Merck KGaA in the 2nd quarter valued at about $942,087,000. Cibc World Market Inc. acquired a new position in Merck KGaA in the second quarter worth about $186,005,000. Madison Wealth Partners Inc acquired a new position in Merck KGaA in the second quarter worth about $1,031,000. Keating Financial Advisory Services Inc. bought a new stake in Merck KGaA in the second quarter valued at about $592,000. Finally, August Group Capital Ltd bought a new stake in Merck KGaA in the second quarter valued at about $390,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Up 0.1%
Shares of OTCMKTS MKGAF opened at $163.45 on Tuesday. 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 stock’s 50 day moving average price is $162.78 and its two-hundred day moving average price is $148.59. Merck KGaA has a 52-week low of $116.68 and a 52-week high of $175.56. The stock has a market capitalization of $21.12 billion, a P/E ratio of 24.95 and a beta of 0.96.
Merck KGaA Company 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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