Kahn Brothers Group Inc. acquired a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, Holdings Channel reports. The fund acquired 218,182 shares of the company’s stock, valued at approximately $28,036,000. Merck KGaA accounts for about 0.1% of Kahn Brothers Group Inc.’s portfolio, making the stock its 19th largest holding.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of America Corp DE acquired a new position in Merck KGaA in the second quarter valued at $3,923,774,000. Legal & General Group Plc purchased a new stake in Merck KGaA in the 2nd quarter valued at about $2,425,225,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Merck KGaA in the 2nd quarter valued at about $942,087,000. Caisse de depot et placement du Quebec acquired a new position in shares of Merck KGaA during the 2nd quarter valued at about $571,582,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Merck KGaA during the 2nd quarter valued at about $536,694,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Down 3.9%
Shares of MKGAF stock opened at $158.15 on Friday. The firm’s 50-day simple moving average is $163.21 and its 200-day simple moving average is $148.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.31 and a quick ratio of 0.84. Merck KGaA has a 1-year low of $116.68 and a 1-year high of $175.56. The firm has a market cap of $20.44 billion, a P/E ratio of 24.14 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.
Further Reading
- Five stocks we like better than Merck KGaA
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
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.
