Gruma (GPAGF) Expected to Announce Earnings on Wednesday

Gruma (OTCMKTS:GPAGFGet Free Report) is expected to be releasing its results after the market closes on Wednesday, July 22nd. Analysts expect the company to post earnings of $0.3974 per share and revenue of $1.6533 billion for the quarter.

Gruma Stock Down 0.3%

Gruma stock opened at $16.21 on Wednesday. Gruma has a one year low of $14.96 and a one year high of $20.62. The business has a fifty day moving average price of $18.07 and a 200-day moving average price of $18.09.

Institutional Investors Weigh In On Gruma

An institutional investor recently bought a new stake in Gruma stock. McMillan Office Inc. bought a new position in shares of Gruma, S.A.B. de C.V. (OTCMKTS:GPAGFFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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

(Get Free Report)

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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