State Street Corp. Updates Passive Stake in J.M. Smucker Co.

Ticker: SJM · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z

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

Key Players & Entities

Forward-Looking Statements

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.

From the Filing

0000093751-24-000356.txt : 20240129 0000093751-24-000356.hdr.sgml : 20240129 20240129131907 ACCESSION NUMBER: 0000093751-24-000356 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 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: 24572427 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: STATE STREET CORP CENTRAL INDEX KEY: 0000093751 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 042456637 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 617 786-3000 MAIL ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET Corp DATE OF NAME CHANGE: 20090218 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET CORP DATE OF NAME CHANGE: 19970424 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET BOSTON FINANCIAL CORP DATE OF NAME CHANGE: 19780525 SC 13G/A 1 JMSmuckerCo.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING J M SMUCKER CO/THE (NAME OF ISSUER) COMMON STOCK (TITLE OF CLASS OF SECURITIES) 832696405 (CUSIP NUMBER) 12/31/2023 (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 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON: STATE STREET CORPORATION I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 04-2456637 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 4,768,720 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 6,924,689 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,932,086 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.53% 12. TYPE OF REPORTING PERSON HC CUSIP NO: 832696405 13G Page 3 of 5 Pages ITEM 1. (A) NAME OF ISSUER J M SMUCKER CO/THE (B) ADDRESS OF ISSUER`S PRINCIPAL EXECUTIVE OFFICES 1 STRAWBERRY LANE ORRVILLE OH 44667 UNITED STATES ITEM 2. (A) NAME OF PERSON FILING STATE STREET CORPORATION (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE STATE STREET FINANCIAL CENTER 1 CONGRESS STREET, SUITE 1 BOSTON, MA 02114-2016 (FOR ALL REPORTING PERSONS) (C) CITIZENSHIP: SEE ITEM 4 (CITIZENSHIP OR PLACE OF ORGANIZATION) OF COVER PAGES (D) T

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