Puzo Michael J Acquires New Shares in Merck KGaA $MKGAF

Puzo Michael J acquired a new position in Merck KGaA (OTCMKTS:MKGAFFree Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 17,353 shares of the company’s stock, valued at approximately $2,230,000.

Several other hedge funds have also recently bought and sold shares of MKGAF. Danske Bank A S acquired a new stake in Merck KGaA in the 2nd quarter worth approximately $276,535,000. Great Lakes Advisors LLC bought a new position in shares of Merck KGaA during the 2nd 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. bought a new stake in shares of Merck KGaA during the second quarter valued at approximately $51,346,000. Finally, Danica Pension Livsforsikringsaktieselskab bought a new stake in Merck KGaA in the 2nd quarter valued at $25,541,000. 0.10% of the stock is owned by institutional investors and hedge funds.

Merck KGaA Price Performance

Shares of Merck KGaA stock opened at $167.38 on Thursday. The firm has a market cap of $21.63 billion, a P/E ratio of 25.55 and a beta of 0.96. The firm’s 50-day simple moving average is $162.50 and its 200-day simple moving average is $148.28. Merck KGaA has a twelve month low of $116.68 and a twelve month high of $175.56. 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

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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

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Institutional Ownership by Quarter for Merck KGaA (OTCMKTS:MKGAF)

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