Public Employees Retirement System of Ohio 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 978,914 shares of the company’s stock, valued at approximately $125,790,000. Public Employees Retirement System of Ohio owned approximately 0.76% of Merck KGaA as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Frazier Financial Advisors LLC acquired a new stake in shares of Merck KGaA during the second quarter worth $25,000. Rakuten Securities Inc. purchased a new position in Merck KGaA in the 2nd quarter worth about $27,000. Solstein Capital LLC acquired a new stake in Merck KGaA during the 2nd quarter worth about $33,000. Delos Wealth Advisors LLC acquired a new stake in Merck KGaA during the 2nd quarter worth about $33,000. Finally, Burk Holdings LLC purchased a new stake in Merck KGaA during the second quarter valued at about $39,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Stock Performance
Shares of MKGAF opened at $158.15 on Friday. Merck KGaA has a one year low of $116.68 and a one year high of $175.56. The company has a 50-day moving average of $163.21 and a two-hundred day moving average of $148.95. The stock has a market cap of $20.44 billion, a price-to-earnings ratio of 24.14 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84.
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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