Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 198,763 shares of the company’s stock, valued at approximately $25,541,000. Danica Pension Livsforsikringsaktieselskab owned 0.15% of Merck KGaA at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in MKGAF. Danske Bank A S bought a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $276,535,000. Diversify Advisory Services LLC bought a new stake in Merck KGaA during the second quarter worth approximately $3,810,000. Finally, Gables Capital Management Inc. acquired a new position in Merck KGaA in the second quarter worth approximately $2,095,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
OTCMKTS MKGAF opened at $160.21 on Wednesday. The stock has a market capitalization of $20.71 billion, a P/E ratio of 24.46 and a beta of 0.96. Merck KGaA has a 1 year low of $116.68 and a 1 year high of $175.56. The business’s fifty day moving average is $162.32 and its two-hundred day moving average is $148.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31.
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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