Safeguard Investment Advisory Group LLC acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 3,789 shares of the company’s stock, valued at approximately $487,000.
Several other hedge funds and other institutional investors also recently modified their holdings of MKGAF. Ally Financial Inc. bought a new position in shares of Merck KGaA during the second quarter worth about $4,498,000. Infrastructure Capital Advisors LLC acquired a new position in Merck KGaA during the 2nd quarter valued at about $3,383,000. Cibc World Market Inc. bought a new position in Merck KGaA in the 2nd quarter worth about $186,005,000. Castlefield Investment Partners LLP acquired a new stake in shares of Merck KGaA in the second quarter valued at approximately $5,371,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Merck KGaA during the second quarter valued at approximately $70,363,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Stock Performance
Shares of OTCMKTS MKGAF opened at $163.21 on Monday. The stock has a 50 day simple moving average of $162.62 and a 200-day simple moving average of $148.44. The company has a current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27. The company has a market cap of $21.09 billion, a PE 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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