We recently published a list of Jim Cramer October Calls: Top 10 Stocks. Since J. M. Smucker Company (NYSE:SJM) ranks 7th on the list, it deserves a deeper look.

Jim Cramer in a latest program on CNBC talked about the ills of “complacency” in investing and how sticking to a specific narrative costs investors money. He was criticizing negative analyst reports that keep downgrading stocks.

“We always hear how the bulls are being complacent and ignore downside risk. We almost never hear that the bears are being complacent and missing out on terrific opportunities, which I find to be absurd. Nobody does complacency like the bears. Remember, last night I spent a lot of time talking about how we had a slew of downgrades yesterday that I did not like, and stocks reacting to negative news already. Today, they seem like fortuitous notes that would end up costing you money if you listen to them.”

Cramer said that some analysts like to “take aim” at long-term winners and scare people out of some “amazing gains.” This, Cramer believes, is “downright wrong.” He said that even if investors want to sell a stock based on a downgrade, they should wait for it to “bounce” before pulling the trigger.

For this article we talked about 10 stocks Jim Cramer is talking about during his programs on CNBC. With each company we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A customer shopping for lifestyle and beauty products at a physical store.

J M Smucker Co (NYSE:SJM)

Number of Hedge Fund Investors: 34

Talking about J M Smucker Co (NYSE:SJM) results in August, Jim Cramer said that the $5.6 billion acquisition of Hostess Brands last year might not be “panning out” as the company said its sweet-baked snacks segment sales were below expectations.

Cramer then alluded to the possible impact of GLP-1 weight loss drugs on J M Smucker Co (NYSE:SJM) sweet snacks business:

“Is it really macro? Is it really declining convenience center, like Celsius would say that?

Jim Cramer said the company’s results were “not good” and maybe twinkies (JM Smucker’s snack cake) are losing their “allure.”