These Metrics Show You Shouldn’t Get Too Excited Over These Companies’ Good Results

The investors of General Mills, Inc. (NYSE:GIS), which manufactures and markets branded consumer foods sold through retail stores in the United States, woke up to news that the company delivered a 24% annual jump in profit for the first quarter of fiscal 2016 ended August 30 to $426.6 million, or $0.69 a share. General Mills, Inc. (NYSE:GIS), maker of Cheerios cereal and Hamburger Helper, beat estimates by $0.10 with adjusted quarterly profit of $0.79 per share. Revenue was slightly below estimates after dropping by an annual 1.4% to $4.21 billion in the period, but restructuring and cost controls have helped the company’s bottom line. The company expects full-year adjusted EPS to grow at a mid-single-digit percentage rate above the previous year’s $2.86. From the list of hedge funds that we track, 27 held $404.77 million worth of stock, equal to 1.20% of the company at the end of June. While the number of hedge funds increased from 24 at the end of March, investors from our database opted to reduce their exposure to the company with the aggregate value of holdings falling from $423.29 million disclosed as of the end of March. Mario Gabelli‘s GAMCO Investors tops the list of General Mills shareholders with 2.56 million shares valued at $142.63 million, followed by Ken Griffin’s Citadel Investment Group and Cliff Asness’s AQR Capital Management with 933,800 shares   and 259,100 shares respectively.

Disclosure: none