Cadence Bank Sells 87,500 Shares of Westrock Coffee (NASDAQ:WEST)

Cadence Bank cut its stake in Westrock Coffee (NASDAQ:WEST) by 35.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,500 shares of the company’s stock after selling 87,500 shares during the quarter. Cadence Bank’s holdings in Westrock Coffee were worth $1,043,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Westrock Coffee by 7.7% in the fourth quarter. Vanguard Group Inc. now owns 2,812,993 shares of the company’s stock valued at $18,059,000 after purchasing an additional 199,939 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Westrock Coffee by 4.3% in the 4th quarter. Geode Capital Management LLC now owns 841,226 shares of the company’s stock valued at $5,402,000 after buying an additional 34,901 shares in the last quarter. State Street Corp grew its position in shares of Westrock Coffee by 2.0% in the 3rd quarter. State Street Corp now owns 649,553 shares of the company’s stock worth $4,222,000 after buying an additional 12,937 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Westrock Coffee by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 284,653 shares of the company’s stock worth $1,827,000 after acquiring an additional 2,010 shares in the last quarter. Finally, DAVENPORT & Co LLC lifted its position in Westrock Coffee by 15.7% during the fourth quarter. DAVENPORT & Co LLC now owns 238,675 shares of the company’s stock valued at $1,532,000 after acquiring an additional 32,325 shares during the last quarter. 45.08% of the stock is owned by institutional investors.

Westrock Coffee Trading Down 0.9 %

NASDAQ:WEST opened at $5.51 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41. The firm has a fifty day simple moving average of $6.40 and a 200-day simple moving average of $6.64. Westrock Coffee has a 12 month low of $5.28 and a 12 month high of $10.99. The company has a market capitalization of $519.20 million, a P/E ratio of -6.41 and a beta of 0.47.

Insider Buying and Selling at Westrock Coffee

In other news, COO William A. Ford bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was purchased at an average price of $6.45 per share, with a total value of $96,750.00. Following the completion of the acquisition, the chief operating officer now directly owns 476,190 shares of the company’s stock, valued at $3,071,425.50. This trade represents a 3.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WEST. Benchmark reaffirmed a “buy” rating and issued a $10.00 price target on shares of Westrock Coffee in a report on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $9.00 target price on shares of Westrock Coffee in a research report on Wednesday, March 12th.

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.