Flavin Financial Services Inc. purchased a new position in shares of Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 23,296 shares of the company’s stock, valued at approximately $2,994,000. Merck KGaA comprises 1.7% of Flavin Financial Services Inc.’s holdings, making the stock its 21st biggest position.
Other hedge funds have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Merck KGaA during the second quarter worth about $942,087,000. Bank of Nova Scotia purchased a new position in shares of Merck KGaA during the 2nd quarter worth approximately $281,696,000. Danske Bank A S purchased a new position in shares of Merck KGaA during the 2nd quarter worth approximately $276,535,000. Korea Investment CORP acquired a new stake in Merck KGaA in the 2nd quarter valued at approximately $239,191,000. Finally, Cibc World Market Inc. acquired a new stake in Merck KGaA in the 2nd quarter valued at approximately $186,005,000. Hedge funds and other institutional investors own 0.10% of the company’s stock.
Merck KGaA Price Performance
OTCMKTS:MKGAF opened at $163.21 on Monday. Merck KGaA has a 52 week low of $116.68 and a 52 week high of $175.56. The stock’s fifty day moving average is $162.62 and its two-hundred day moving average is $148.44. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 24.92 and a beta of 0.96. 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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