Payne Capital Management LLC bought a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,775 shares of the company’s stock, valued at approximately $1,642,000. Merck KGaA comprises about 0.4% of Payne Capital Management LLC’s portfolio, making the stock its 16th largest holding.
Several other institutional investors and hedge funds have also recently bought and sold shares of MKGAF. Frazier Financial Advisors LLC purchased a new position in Merck KGaA during the 2nd quarter worth $25,000. Rakuten Securities Inc. purchased a new stake in shares of Merck KGaA in the second quarter valued at about $27,000. Delos Wealth Advisors LLC purchased a new stake in shares of Merck KGaA in the second quarter valued at about $33,000. Solstein Capital LLC acquired a new stake in shares of Merck KGaA during the second quarter worth about $33,000. Finally, Burk Holdings LLC acquired a new stake in shares of Merck KGaA during the second quarter worth about $39,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of MKGAF stock opened at $164.58 on Thursday. The stock’s 50-day moving average price is $163.19 and its 200 day moving average price is $148.83. 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 has a market capitalization of $21.27 billion, a PE ratio of 25.13 and a beta of 0.96. Merck KGaA has a 52-week low of $116.68 and a 52-week high of $175.56.
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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