Gruma (GPAGF) Projected to Post Quarterly Earnings on Wednesday

Gruma (OTCMKTS:GPAGF) will likely be announcing its results after the market closes on Wednesday, July 22nd. Analysts expect Gruma to post earnings of $0.3829 per share and revenue of $1.6405 billion for the quarter.

Gruma Stock Performance

Shares of GPAGF opened at $16.42 on Tuesday. The business’s fifty day simple moving average is $17.93 and its two-hundred day simple moving average is $18.03. Gruma has a 12 month low of $14.96 and a 12 month high of $20.62.

Institutional Investors Weigh In On Gruma

An institutional investor recently bought a new stake in Gruma stock. McMillan Office Inc. acquired a new position in Gruma, S.A.B. de C.V. (OTCMKTS:GPAGF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 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.