State Street Corp. Updates Passive Stake in J.M. Smucker Co.
Ticker: SJM · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 91419
| Field | Detail |
|---|---|
| Company | J M Smucker Co (SJM) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, food-industry
TL;DR
**State Street still owns Smucker stock, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 29, 2024, indicating its ownership of J.M. Smucker Co. common stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued passive investment in the food company. For investors, this means a significant institutional player maintains a position in Smucker, which can signal confidence in the stock's long-term stability, though the exact percentage of ownership is not detailed in this excerpt.
Why It Matters
This filing shows that a large institutional investor, State Street Corporation, continues to hold shares in J.M. Smucker Co., which can be a positive signal for other investors regarding the stock's stability and long-term prospects.
Risk Assessment
Risk Level: low — This is a routine update from a large institutional investor, indicating a passive stake, which generally poses low risk to the company or its shareholders.
Analyst Insight
A smart investor would view this as a routine update from a major institutional holder, confirming their continued, passive interest in J.M. Smucker Co. It doesn't signal an immediate buy or sell, but rather reinforces the idea that the stock is held by large, stable funds.
Key Numbers
- 832696405 — CUSIP Number (identifies J.M. Smucker Co. common stock)
- 0000093751-24-000356 — Accession Number (unique identifier for this specific SEC filing)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- J.M. Smucker Co. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corporation will maintain a passive investment in J.M. Smucker Co. for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-01-29
- J.M. Smucker Co.'s stock price will not experience significant volatility directly due to this routine filing. (J.M. Smucker Co.) — high confidence, target: 2024-02-29
FAQ
What type of filing is this document?
This document is an 'SC 13G/A', which is an amendment to a Schedule 13G filing, indicating a change or update to a previously reported passive ownership stake.
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified by IRS Identification No. 04-2456637 and CIK 0000093751.
What is the subject company whose securities are being reported?
The subject company is J.M. Smucker Co. (also referred to as J M SMUCKER CO/THE), identified by CIK 0000091419.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding J M SMUCKER Co (SJM).