Mystic Asset Management Inc. bought a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 22,899 shares of the company’s stock, valued at approximately $2,943,000.
Several other hedge funds also recently bought and sold shares of MKGAF. Tocqueville Asset Management L.P. purchased a new stake in Merck KGaA in the 2nd quarter worth $57,546,000. August Group Capital Ltd purchased a new position in shares of Merck KGaA in the second quarter valued at about $390,000. Great Lakes Advisors LLC purchased a new position in shares of Merck KGaA in the second quarter valued at about $183,444,000. Bell & Brown Wealth Advisors LLC bought a new position in shares of Merck KGaA in the second quarter worth about $5,662,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of Merck KGaA during the second quarter worth about $523,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Stock Down 0.9%
Shares of MKGAF opened at $162.12 on Friday. The business’s 50 day moving average is $162.47 and its 200 day moving average is $148.35. The company has a market capitalization of $20.95 billion, a PE ratio of 24.75 and a beta of 0.96. Merck KGaA has a 12-month low of $116.68 and a 12-month high of $175.56. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.
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.
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