Madison Asset Management LLC purchased a new stake 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 & Exchange Commission. The firm purchased 23,786 shares of the company’s stock, valued at approximately $3,057,000.
Several other large investors have also recently bought and sold shares of MKGAF. Tocqueville Asset Management L.P. bought a new position in Merck KGaA in the 2nd quarter valued at $57,546,000. Great Lakes Advisors LLC acquired a new stake in shares of Merck KGaA in the 2nd quarter valued at $183,444,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Merck KGaA during the second quarter worth $523,000. Avaii Wealth Management LLC bought a new stake in shares of Merck KGaA during the second quarter worth $1,573,000. Finally, Kentucky Farm Bureau Mutual Insurance Co acquired a new position in shares of Merck KGaA during the second quarter valued at $4,076,000. Institutional investors and hedge funds own 0.10% of the company’s stock.
Merck KGaA Price Performance
Merck KGaA stock opened at $162.12 on Friday. The business’s 50-day simple moving average is $162.47 and its 200 day simple moving average is $148.35. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of 24.75 and a beta of 0.96. Merck KGaA has a 12-month low of $116.68 and a 12-month high of $175.56. The company has a quick ratio of 0.84, a current ratio of 1.31 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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