Rakuten Investment Management Inc. purchased a new stake in Merck KGaA (OTCMKTS:MKGAF – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 404,114 shares of the company’s stock, valued at approximately $52,284,000. Rakuten Investment Management Inc. owned about 0.31% of Merck KGaA at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in MKGAF. Frazier Financial Advisors LLC bought a new position in shares of Merck KGaA during the 2nd quarter valued at about $25,000. Rakuten Securities Inc. bought a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $27,000. Solstein Capital LLC bought a new stake in shares of Merck KGaA in the 2nd quarter worth approximately $33,000. Delos Wealth Advisors LLC acquired a new stake in Merck KGaA during the second quarter valued at approximately $33,000. Finally, Burk Holdings LLC bought a new stake in Merck KGaA during the second quarter worth approximately $39,000. Institutional investors own 0.10% of the company’s stock.
Merck KGaA Trading Up 3.8%
Shares of OTCMKTS:MKGAF opened at $164.12 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 25.06 and a beta of 0.96. Merck KGaA has a 1-year low of $116.68 and a 1-year high of $175.56. The company has a 50 day moving average price of $163.35 and a 200 day moving average price of $149.06.
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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