Investor s Fiduciary Advisor Network LLC acquired a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 31,358 shares of the company’s stock, valued at approximately $4,029,000. Merck KGaA makes up approximately 1.4% of Investor s Fiduciary Advisor Network LLC’s portfolio, making the stock its 21st biggest position.
Other hedge funds also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in shares of Merck KGaA during the second quarter worth $25,000. Rakuten Securities Inc. acquired a new stake in Merck KGaA during the 2nd quarter valued at $27,000. Solstein Capital LLC acquired a new stake in Merck KGaA during the 2nd quarter valued at $33,000. Burk Holdings LLC purchased a new stake in Merck KGaA during the 2nd quarter worth $39,000. Finally, Bard Associates Inc. purchased a new stake in Merck KGaA during the 2nd quarter worth $60,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of MKGAF stock opened at $163.21 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. The company’s fifty day moving average price is $162.62 and its two-hundred day moving average price is $148.44. The firm has a market capitalization of $21.09 billion, a P/E ratio of 24.92 and a beta of 0.96. Merck KGaA has a 12 month low of $116.68 and a 12 month high of $175.56.
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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