Quantinno Capital Management LP Acquires 83,898 Shares of Primo Brands Corporation $PRMB

Quantinno Capital Management LP increased its stake in shares of Primo Brands Corporation (NYSE:PRMB) by 44.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,911 shares of the company’s stock after buying an additional 83,898 shares during the quarter. Quantinno Capital Management LP’s holdings in Primo Brands were worth $5,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SummitTX Capital L.P. grew its holdings in shares of Primo Brands by 164.0% during the 1st quarter. SummitTX Capital L.P. now owns 64,428 shares of the company’s stock worth $1,213,000 after purchasing an additional 40,019 shares in the last quarter. Sei Investments Co. lifted its position in shares of Primo Brands by 69.1% during the 1st quarter. Sei Investments Co. now owns 1,090,509 shares of the company’s stock worth $20,534,000 after buying an additional 445,636 shares during the last quarter. Levin Capital Strategies L.P. lifted its holdings in shares of Primo Brands by 32.2% in the first quarter. Levin Capital Strategies L.P. now owns 31,893 shares of the company’s stock worth $601,000 after acquiring an additional 7,763 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Primo Brands by 51.4% in the first quarter. PNC Financial Services Group Inc. now owns 7,853 shares of the company’s stock valued at $148,000 after buying an additional 2,667 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Primo Brands by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 154,258 shares of the company’s stock valued at $2,905,000 after acquiring an additional 7,320 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PRMB shares. Weiss Ratings raised shares of Primo Brands from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. TD increased their price target on Primo Brands from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Primo Brands from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Royal Bank Of Canada set a $28.00 price objective on Primo Brands in a research note on Thursday, April 9th. Finally, TD Cowen reissued a “buy” rating on shares of Primo Brands in a research report on Thursday. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.58.

Trending Headlines about Primo Brands

Here are the key news stories impacting Primo Brands this week:

• Positive Sentiment: Primo Brands exceeded second-quarter expectations, reporting adjusted earnings of $0.37 per share versus the $0.32 consensus estimate and revenue of $1.80 billion versus expectations of $1.77 billion. Revenue increased 3.8% year over year. Primo Brands Reports 2026 Second Quarter Results
• Positive Sentiment: Management raised its 2026 comparable net sales growth outlook to 2%–4%, up from 1%–3%, citing continued strength in premium brands and regional spring water. Adjusted EBITDA rose 5% to $385 million, while the margin improved by 20 basis points. Primo Brands Beats Q2 Earnings Estimates, Raises 2026 Sales Outlook
• Positive Sentiment: TD raised its price target on PRMB from $29 to $35 and assigned a “buy” rating, implying substantial upside from recent trading levels. BayStreet.CA Analyst Ratings
• Neutral Sentiment: Industry coverage identifies Primo Brands among soft-drink companies positioned to benefit from health-focused innovation, although the article does not provide a company-specific catalyst. Soft Drink Stocks Poised for Growth
• Negative Sentiment: An affiliate of One Rock Capital Partners announced a secondary offering of 20 million Class A shares. Although the proceeds go to the selling shareholder rather than Primo Brands, the additional stock supply can weigh on the share price and may raise short-term dilution and overhang concerns. Primo Brands Announces Secondary Offering

Primo Brands Stock Performance

Shares of PRMB opened at $23.85 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.72. The firm’s fifty day simple moving average is $23.98 and its two-hundred day simple moving average is $21.62. Primo Brands Corporation has a 12 month low of $14.36 and a 12 month high of $26.21. The stock has a market capitalization of $8.65 billion, a P/E ratio of 91.74, a price-to-earnings-growth ratio of 2.14 and a beta of 0.74.

Primo Brands (NYSE:PRMB) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. Primo Brands had a return on equity of 14.18% and a net margin of 1.49%.The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the company posted $0.36 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts predict that Primo Brands Corporation will post 1.25 EPS for the current year.

Primo Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 24th. Primo Brands’s payout ratio is presently 342.86%.

Primo Brands Profile

Primo Brands (NYSE: PRMB) is a consumer packaged beverage company that was established as an independent entity following a corporate spin‐off in 2023. The company specializes in the production, marketing and distribution of a broad portfolio of bottled water products, including purified, mineral and sparkling varieties. Through its focus on quality control and innovation, Primo Brands aims to deliver clean, great-tasting water in formats tailored to both at-home consumption and on-the-go lifestyles.

Its product range spans multi-serve and single-serve bottles, aluminum cans and other eco-friendly packaging solutions.