Cadence Bank Has $1.04 Million Stock Holdings in Westrock Coffee (NASDAQ:WEST)

Cadence Bank trimmed its stake in Westrock Coffee (NASDAQ:WEST - Free Report) by 35.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 162,500 shares of the company's stock after selling 87,500 shares during the quarter. Cadence Bank owned approximately 0.17% of Westrock Coffee worth $1,043,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Westrock Coffee by 2.0% during the 3rd quarter. State Street Corp now owns 649,553 shares of the company's stock valued at $4,222,000 after purchasing an additional 12,937 shares during the period. Barclays PLC raised its position in Westrock Coffee by 363.9% in the third quarter. Barclays PLC now owns 57,357 shares of the company's stock worth $373,000 after acquiring an additional 44,993 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Westrock Coffee by 5.7% during the 3rd quarter. Geode Capital Management LLC now owns 806,325 shares of the company's stock valued at $5,242,000 after purchasing an additional 43,731 shares in the last quarter. Arvest Bank Trust Division acquired a new position in shares of Westrock Coffee in the 3rd quarter worth approximately $115,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of Westrock Coffee by 26.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 24,578 shares of the company's stock worth $159,000 after purchasing an additional 5,200 shares in the last quarter. Institutional investors and hedge funds own 45.08% of the company's stock.

Westrock Coffee Stock Down 3.1 %

Westrock Coffee stock traded down $0.19 during mid-day trading on Thursday, hitting $5.71. The company's stock had a trading volume of 86,749 shares, compared to its average volume of 286,514. The company has a market cap of $537.57 million, a PE ratio of -6.64 and a beta of 0.47. Westrock Coffee has a 52-week low of $5.28 and a 52-week high of $10.99. The company has a debt-to-equity ratio of 3.41, a current ratio of 1.39 and a quick ratio of 0.73. The firm's 50 day moving average is $6.36 and its 200 day moving average is $6.64.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Benchmark restated a "buy" rating and issued a $10.00 price target on shares of Westrock Coffee in a research report on Wednesday, April 16th. Stifel Nicolaus decreased their price target on Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Telsey Advisory Group restated an "outperform" rating and set a $9.00 price objective on shares of Westrock Coffee in a report on Wednesday, March 12th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $10.40.

Insider Activity at Westrock Coffee

In other news, COO William A. Ford bought 15,000 shares of the company's stock in a transaction on Friday, March 14th. The shares were bought at an average cost of $6.45 per share, with a total value of $96,750.00. Following the transaction, the chief operating officer now directly owns 476,190 shares in the company, valued at approximately $3,071,425.50. This trade represents a 3.25 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 42.10% of the stock is currently owned by insiders.

Westrock Coffee Company Profile

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.