Welcome

I AM A ...

I accept the Privacy Statement and I agree to comply with it. View our Privacy Statement.

This website uses cookies to better understand user behavior and provide the best experience. By continuing to use this website, you are consenting to the placement and retrieval of cookies on your computer by this website. Cookies will be stored for 90 days.

Never show this.

Holdings Update: Sell General Mills (GIS)

The Jensen Investment Team Sells the Quality Growth Strategy's Remaining Position in General Mills

March 2022

As part of our disciplined investment process, we continually seek to improve the quality of our holdings. This involves liquidating companies when better investment opportunities arise. Such is the case with General Mills (GIS). Even though it competes in the relatively slow-growth packaged foods industry, we believe GIS is a strong company with well-known brands, strong market positions, meaningful economies of scale versus its smaller competitors, and a sound strategy designed to drive sales growth and profitability over time.

Despite these positives, we decided to sell the company’s stock and invest the proceeds in Moody’s Corporation (MCO), a higher-quality company in our opinion. Please read our Holdings Update on Moody’s to learn more about this purchase.

Strategy holdings are subject to change and should not be considered recommendations to buy or sell any security. For a listing of the Strategy’s current holdings, please click here.

The discussion of the specific security identified in this article is solely intended to illustrate the application of our investment approach. Our views expressed herein are subject to change and should not be construed as investment advice and are not designed or intended as a basis or determination for making any investment decision for any security. This information is current as of the date of this material and is subject to change at any time, based on the market and other conditions. Past performance is no guarantee of future results.

Jensen Investment Management, Inc. is an investment adviser registered under the Investment Advisers Act of 1940. Registration with the SEC does not imply any level of skill or training.

© 2022 Jensen Investment Management.

Related Insights

Jensen News & Insights

Holdings Update
22 June 2022
Holdings Update: Buy Ball Corp
The Jensen Investment Team adds Ball Corporation (BALL) to the Quality Growth Portfolios.
false
News
13 June 2022
Press Release: Shannon Contreras Appointed to Board of Directors
We are pleased to announce the appointment of Shannon Contreras, Managing Director – Finance, to Jensen's Board of Directors.
false
Holdings Update
6 April 2022
Holdings Update: Buy Moody's
We added Moody’s Corporation to the Quality Growth Portfolio due in part to its global dominance in credit ratings, high customer retention rates, and high degree of recurring revenue. We expect Moody’s to grow and create business value.
false
Holdings Update
6 April 2022
Holdings Update: Sell GIS
The Jensen Investment Team sells the Quality Growth Strategy's remaining position of General Mills (GIS).
false
Insights
15 March 2022
Do Not Be Fooled by Earnings Adjustments
The magnitude of income statement differences between GAAP and non-GAAP figures can be substantial, and investors are largely on their own to determine the veracity and impact of the differences. In this article, Portfolio Manager Allen Bond discusses how to interpret them and what factors to focus on.
false
Company Highlight
7 March 2022
Company Highlight: Encompass Health
We added Encompass Health to the Jensen Quality Value Strategy in October 2017 due to its attractive valuation, competitive advantages, and growth prospects.
false
Company Highlight
7 March 2022
Company Highlight: Tractor Supply
Tractor Supply, the largest farm and ranch retailer in the U.S., has an impressive track record of delivering sustainable growth in a highly fragmented market. We added Tractor Supply to the Jensen Quality Value Strategy in August 2017.
false
Insights
14 January 2022
Why Invest in Quality?
Quality is one of those words that appears to represent a simple truth—it seems self-evident that high quality is always preferable to low quality, no matter the subject at hand. Everyone wants quality, especially at a good price. But what is quality when it comes to investing?
false