Edmond DE Rothschild Holding S.A. bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 399,582 shares of the company’s stock, valued at approximately $51,346,000.
Other large investors have also recently made changes to their positions in the company. Danske Bank A S bought a new position in Merck KGaA during the 2nd quarter valued at about $276,535,000. Great Lakes Advisors LLC bought a new stake in Merck KGaA in the second quarter worth about $183,444,000. Tocqueville Asset Management L.P. bought a new stake in Merck KGaA in the second quarter worth about $57,546,000. Danica Pension Livsforsikringsaktieselskab purchased a new position in shares of Merck KGaA during the second quarter valued at approximately $25,541,000. Finally, NewEdge Wealth LLC bought a new position in shares of Merck KGaA during the second quarter valued at approximately $8,340,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Merck KGaA Trading Up 4.5%
MKGAF opened at $167.38 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. The stock’s 50 day moving average price is $162.50 and its 200-day moving average price is $148.28. Merck KGaA has a one year low of $116.68 and a one year high of $175.56. The stock has a market cap of $21.63 billion, a price-to-earnings ratio of 25.55 and a beta of 0.96.
About Merck KGaA
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.
Featured Articles
- Five stocks we like better than Merck KGaA
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding MKGAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Merck KGaA (OTCMKTS:MKGAF – Free Report).
Receive News & Ratings for Merck KGaA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Merck KGaA and related companies with MarketBeat.com's FREE daily email newsletter.
