Northwestern Mutual Wealth Management Co. Invests $49.70 Million in Merck KGaA $MKGAF

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Merck KGaA (OTCMKTS:MKGAFFree Report) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 386,735 shares of the company’s stock, valued at approximately $49,695,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new stake in Merck KGaA in the 2nd quarter worth about $25,000. Rakuten Securities Inc. bought a new position in shares of Merck KGaA during the 2nd quarter worth approximately $27,000. Bard Associates Inc. bought a new position in shares of Merck KGaA during the 2nd quarter worth approximately $60,000. Kilter Group LLC purchased 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 second quarter valued at approximately $90,000. 0.10% of the stock is currently owned by hedge funds and other institutional investors.

Merck KGaA Stock Performance

Shares of MKGAF opened at $163.21 on Friday. The stock has a 50 day moving average of $162.62 and a 200 day moving average of $148.46. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92 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 current ratio of 1.31, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

Merck KGaA Profile

(Free Report)

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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