This Is What Whales Are Betting On JM Smucker

Financial giants have made a conspicuous bullish move on JM Smucker. Our analysis of options history for JM Smucker SJM revealed 9 unusual trades.

Delving into the details, we found 33% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $89,000, and 7 were calls, valued at $302,220.

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Projected Price Targets

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $110.0 for JM Smucker over the last 3 months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for JM Smucker options trades today is 376.4 with a total volume of 1,455.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for JM Smucker's big money trades within a strike price range of $90.0 to $110.0 over the last 30 days.

JM Smucker Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

About JM Smucker

J.M. Smucker is a packaged food company that primarily sells through the US retail channel (78% of fiscal 2024 revenue came through its retail pet foods, coffee, and frozen handheld/spreads segments), with the remaining share consisting of Hostess and international (primarily Canada). Retail coffee is its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.

Following our analysis of the options activities associated with JM Smucker, we pivot to a closer look at the company's own performance.

JM Smucker's Current Market Status

• With a trading volume of 3,812,995, the price of SJM is up by 1.53%, reaching $95.86.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 77 days from now.

Expert Opinions on JM Smucker

5 market experts have recently issued ratings for this stock, with a consensus target price of $113.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Barclays has decided to maintain their Equal-Weight rating on JM Smucker, which currently sits at a price target of $105. * Maintaining their stance, an analyst from Stifel continues to hold a Hold rating for JM Smucker, targeting a price of $106. * An analyst from Wells Fargo has decided to maintain their Overweight rating on JM Smucker, which currently sits at a price target of $115. * Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for JM Smucker, targeting a price of $124. * An analyst from Morgan Stanley has decided to maintain their Overweight rating on JM Smucker, which currently sits at a price target of $115.

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