Manning & Napier Advisors LLC bought a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 173,781 shares of the company’s stock, valued at approximately $22,484,000. Manning & Napier Advisors LLC owned 0.13% of Merck KGaA as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in MKGAF. Frazier Financial Advisors LLC bought a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. acquired a new stake in shares of Merck KGaA during the 2nd quarter worth approximately $27,000. Solstein Capital LLC bought a new position in Merck KGaA in the second quarter valued at approximately $33,000. Burk Holdings LLC bought a new position in Merck KGaA in the second quarter valued at approximately $39,000. Finally, Bard Associates Inc. acquired a new position in Merck KGaA during the second quarter valued at approximately $60,000. 0.10% of the stock is currently owned by institutional investors and hedge funds.
Merck KGaA Stock Up 0.1%
OTCMKTS MKGAF opened at $163.45 on Tuesday. The business has a fifty day moving average price of $162.78 and a two-hundred day moving average price of $148.59. The stock has a market capitalization of $21.12 billion, a PE ratio of 24.95 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 current ratio of 1.31 and a quick ratio of 0.84.
Merck KGaA 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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