Ceredex Value Advisors LLC bought a new position in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 236,353 shares of the company’s stock, valued at approximately $30,371,000. Ceredex Value Advisors LLC owned about 0.18% of Merck KGaA at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Frazier Financial Advisors LLC bought a new stake in shares of Merck KGaA during the 2nd quarter valued at approximately $25,000. Kilter Group LLC acquired a new position in Merck KGaA during the 2nd quarter worth approximately $62,000. Addison Advisors LLC bought a new position in Merck KGaA in the 2nd quarter valued at approximately $90,000. Hara Capital LLC bought a new position in Merck KGaA in the 2nd quarter valued at approximately $110,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new stake in Merck KGaA in the second quarter valued at approximately $134,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Stock Performance
OTCMKTS MKGAF opened at $162.12 on Friday. The firm’s fifty day moving average price is $162.47 and its two-hundred day moving average price is $148.35. The stock has a market cap of $20.95 billion, a PE ratio of 24.75 and a beta of 0.96. Merck KGaA has a fifty-two week low of $116.68 and a fifty-two week 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.
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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