Gruma (OTCMKTS:GPAGF – Get Free Report) is expected to release its results after the market closes on Wednesday, April 22nd. Analysts expect Gruma to post earnings of $0.3546 per share and revenue of $1.5830 billion for the quarter.
Gruma Price Performance
GPAGF stock opened at $18.55 on Wednesday. The stock has a 50-day moving average price of $18.46 and a 200-day moving average price of $17.32. Gruma has a 1-year low of $14.16 and a 1-year high of $20.62.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Gruma stock. McMillan Office Inc. bought a new stake in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 25,600 shares of the company’s stock, valued at approximately $476,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.
About Gruma
Gruma, SAB. de C.V. is a Mexico-based multinational food processing company and one of the world’s leading producers of corn flour and tortillas. The company’s core business activities include the manufacture, marketing and sale of corn flour, wheat flour and related products under a portfolio of well-known brands such as Maseca, Mission and Guerrero. Gruma also produces and distributes a variety of flatbreads, snack foods and bakery items tailored to both retail consumers and the foodservice industry.
Founded in 1949 by Roberto González Barrera, Gruma has grown from a single tortilla plant in Monterrey into a global enterprise.
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