Portfolio Design Labs LLC purchased a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,354 shares of the company’s stock, valued at approximately $2,102,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MKGAF. Danske Bank A S purchased a new position in shares of Merck KGaA during the 2nd quarter valued at about $276,535,000. Great Lakes Advisors LLC purchased a new stake in shares of Merck KGaA in the second quarter worth about $183,444,000. Tocqueville Asset Management L.P. acquired a new stake in Merck KGaA during the second quarter worth about $57,546,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Merck KGaA during the second quarter worth about $51,346,000. Finally, Vise Technologies Inc. purchased a new position in Merck KGaA during the second quarter valued at approximately $27,990,000. 0.10% of the stock is owned by institutional investors and hedge funds.
Merck KGaA Stock Down 0.9%
Shares of MKGAF stock opened at $162.12 on Friday. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56. The stock has a market cap of $20.95 billion, a P/E ratio of 24.75 and a beta of 0.96. The stock has a 50 day moving average of $162.47 and a 200 day moving average of $148.35. 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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