BlackRock Trims J. M. Smucker Stake to 9.9%

TL;DR

**BlackRock cut its J. M. Smucker stake to 9.9%, watch for potential shifts in institutional sentiment.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership stake in J. M. Smucker Co. As of December 31, 2023, BlackRock now beneficially owns 10,772,972 shares of J. M. Smucker Co. Common Stock, representing 9.9% of the company. This is a decrease from their previous reported ownership, signaling a slight reduction in BlackRock's influence over the food giant. Investors should note this as a major institutional investor is trimming its position, which could reflect a revised outlook on the stock's future performance.

Why It Matters

This filing shows a major institutional investor, BlackRock, has reduced its stake in J. M. Smucker Co., which could signal a shift in their investment strategy or outlook on the company's future.

Risk Assessment

Risk Level: low — While a major investor reducing their stake is notable, it's a minor change and doesn't indicate immediate severe risk for the company.

Analyst Insight

Investors should monitor future institutional filings for J. M. Smucker Co. to see if other major holders are also adjusting their positions, which could indicate a broader shift in sentiment. This reduction by BlackRock, while not drastic, warrants attention as a signal from a significant market player.

Key Numbers

• 10,772,972 — Shares Beneficially Owned (The total number of J. M. Smucker Co. Common Stock shares BlackRock Inc. beneficially owns as of December 31, 2023.)
• 9.9% — Percentage of Class (The percentage of J. M. Smucker Co. Common Stock that BlackRock Inc. beneficially owns as of December 31, 2023.)
• 832696405 — CUSIP Number (The unique identification number for J. M. Smucker Co. Common Stock.)

Key Players & Entities

• BlackRock Inc. (company) — the reporting person who filed the SC 13G/A
• J. M. Smucker Co. (company) — the subject company in which BlackRock holds shares
• December 31, 2023 (date) — the date of the event requiring the filing
• January 24, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in J. M. Smucker Co. following BlackRock's reduction. (J. M. Smucker Co.) — medium confidence, target: Q1 2024

FAQ

From the Filing

0001086364-24-002764.txt : 20240124 0001086364-24-002764.hdr.sgml : 20240124 20240124172358 ACCESSION NUMBER: 0001086364-24-002764 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: J M SMUCKER Co CENTRAL INDEX KEY: 0000091419 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FRUITS, VEG & PRESERVES, JAMS & JELLIES [2033] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 340538550 STATE OF INCORPORATION: OH FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-12260 FILM NUMBER: 24557860 BUSINESS ADDRESS: STREET 1: ONE STRAWBERRY LANE CITY: ORRVILLE STATE: OH ZIP: 44667 BUSINESS PHONE: 3306823000 MAIL ADDRESS: STREET 1: ONE STRAWBERRY LANE CITY: ORRVILLE STATE: OH ZIP: 44667 FORMER COMPANY: FORMER CONFORMED NAME: SMUCKER J M CO DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us8326964058_012424.txt us8326964058_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8) J M SMUCKER CO -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 832696405 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 832696405 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 8991948 (6) Shared voting power 0 (7) Sole dispositive power 9926047 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 9926047 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.4% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- J M SMUCKER CO Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- One Strawberry Lane ORRVILLE OH 44667 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principa