True Freedom Investing LLC purchased a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 56,676 shares of the company’s stock, valued at approximately $6,818,000. Merck KGaA accounts for approximately 0.5% of True Freedom Investing LLC’s holdings, making the stock its 14th biggest position.
Other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new stake in Merck KGaA in the second quarter worth about $25,000. Rakuten Securities Inc. purchased a new position in shares of Merck KGaA during the 2nd quarter worth approximately $27,000. Bard Associates Inc. purchased a new position in shares of Merck KGaA during the 2nd quarter worth approximately $60,000. Kilter Group LLC bought a new position in shares of Merck KGaA in the 2nd quarter worth approximately $62,000. Finally, Addison Advisors LLC bought a new position in shares of Merck KGaA in the 2nd quarter worth approximately $90,000. 0.10% of the stock is owned by institutional investors.
Merck KGaA Trading Up 0.7%
MKGAF opened at $163.21 on Friday. The stock has a market cap of $21.09 billion, a PE ratio of 24.92 and a beta of 0.96. The company has a quick ratio of 0.84, a current ratio of 1.31 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $162.62 and a 200-day moving average of $148.46. Merck KGaA has a 52 week low of $116.68 and a 52 week 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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