Wallace Capital Management Inc. acquired a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor acquired 11,829 shares of the company’s stock, valued at approximately $1,520,000. Merck KGaA makes up about 0.2% of Wallace Capital Management Inc.’s holdings, making the stock its 29th biggest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Legal & General Group Plc purchased a new stake in Merck KGaA in the second quarter worth $2,425,225,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Merck KGaA in the second quarter valued at $942,087,000. Caisse de depot et placement du Quebec purchased a new position in Merck KGaA during the 2nd quarter valued at $571,582,000. Canada Pension Plan Investment Board purchased a new position in Merck KGaA during the 2nd quarter valued at $536,694,000. Finally, Jupiter Topco LLC bought a new position in Merck KGaA in the 2nd quarter worth $501,199,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Up 0.4%
OTCMKTS:MKGAF opened at $164.58 on Thursday. The company has a 50-day moving average price of $163.19 and a 200-day moving average price of $148.83. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of 25.13 and a beta of 0.96. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. 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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