Rakuten Investment Management Inc. purchased a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 404,114 shares of the company’s stock, valued at approximately $52,284,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE purchased a new stake in Merck KGaA during the second quarter valued at about $3,923,774,000. Legal & General Group Plc acquired a new position in shares of Merck KGaA in the second quarter worth about $2,425,225,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Merck KGaA in the second quarter worth about $942,087,000. Caisse de depot et placement du Quebec purchased a new position in shares of Merck KGaA in the second quarter worth approximately $571,582,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Merck KGaA in the second quarter worth approximately $536,694,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Stock Up 3.8%
MKGAF stock opened at $164.12 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. The firm has a market capitalization of $21.21 billion, a P/E ratio of 25.06 and a beta of 0.96. Merck KGaA has a 52-week low of $116.68 and a 52-week high of $175.56. The company’s 50 day simple moving average is $163.35 and its 200-day simple moving average is $149.06.
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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