Gruma (OTCMKTS:GPAGF – Get Free Report) is expected to release its results after the market closes on Wednesday, July 22nd. Analysts expect the company to announce earnings of $0.3829 per share and revenue of $1.6405 billion for the quarter.
Gruma Price Performance
Shares of Gruma stock opened at $16.42 on Monday. Gruma has a 12 month low of $14.96 and a 12 month high of $20.62. The business has a fifty day simple moving average of $17.96 and a 200-day simple moving average of $18.05.
Institutional Investors Weigh In On Gruma
A hedge fund recently bought a new position in Gruma stock. McMillan Office Inc. bought a new stake in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,600 shares of the company’s stock, valued at approximately $476,000. 19.30% of the stock is owned by hedge funds and other institutional investors.
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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