Primo Brands Corporation $PRMB Shares Newly Acquired by CenterBook Partners LP

CenterBook Partners LP acquired a new stake in Primo Brands Corporation (NYSE:PRMB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 385,080 shares of the company’s stock, valued at approximately $7,336,000.

A number of other hedge funds have also recently made changes to their positions in PRMB. Mirae Asset Global Investments Co. Ltd. bought a new stake in Primo Brands during the 3rd quarter valued at approximately $39,000. State of Wyoming boosted its position in shares of Primo Brands by 3.3% during the third quarter. State of Wyoming now owns 65,414 shares of the company’s stock worth $1,246,000 after acquiring an additional 2,100 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Primo Brands by 74.4% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 27,200 shares of the company’s stock worth $518,000 after acquiring an additional 11,600 shares during the last quarter. Park Avenue Securities LLC grew its stake in Primo Brands by 292.2% during the third quarter. Park Avenue Securities LLC now owns 36,365 shares of the company’s stock valued at $693,000 after acquiring an additional 27,094 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in Primo Brands by 1,569.2% during the third quarter. Sterling Capital Management LLC now owns 122,568 shares of the company’s stock valued at $2,335,000 after acquiring an additional 115,225 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Primo Brands Trading Up 0.9%

Shares of NYSE:PRMB traded up $0.20 during trading on Friday, reaching $22.36. The company’s stock had a trading volume of 4,999,084 shares, compared to its average volume of 5,003,594. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.71. Primo Brands Corporation has a 12 month low of $14.36 and a 12 month high of $26.21. The firm’s 50 day simple moving average is $20.31 and its two-hundred day simple moving average is $21.46. The stock has a market capitalization of $8.10 billion, a PE ratio of 39.92, a price-to-earnings-growth ratio of 2.10 and a beta of 0.73.

Primo Brands (NYSE:PRMB) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.01. Primo Brands had a return on equity of 14.24% and a net margin of 1.49%. The company had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts predict that Primo Brands Corporation will post 1.27 EPS for the current fiscal year.

Primo Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Tuesday, November 24th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. Primo Brands’s payout ratio is currently 184.62%.

Insiders Place Their Bets

In related news, CEO Eric Foss purchased 84,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $23.80 per share, for a total transaction of $1,999,200.00. Following the acquisition, the chief executive officer owned 573,806 shares of the company’s stock, valued at approximately $13,656,582.80. This represents a 17.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 32.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on PRMB shares. JPMorgan Chase & Co. decreased their price target on shares of Primo Brands from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Primo Brands in a report on Wednesday. TD Cowen reiterated a “buy” rating on shares of Primo Brands in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a $21.00 price target on Primo Brands in a research note on Monday, October 19th. Finally, Barclays reduced their price objective on Primo Brands from $29.00 to $26.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $27.55.

Primo Brands News Summary

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

• Positive Sentiment: Primo Brands earned $0.43 per share, topping the $0.42 consensus estimate, while revenue of $1.82 billion exceeded expectations of $1.81 billion and rose 3.1% year over year. Article
• Positive Sentiment: Premium water revenue surged 24.3%, free cash flow improved, and the 2026 sales-growth outlook is approaching 3%—signs of resilience in a key growth category. Article
• Positive Sentiment: The company declared a quarterly dividend of $0.12 per share, equivalent to $0.48 annually and a reported yield of 2.2%. Article
• Neutral Sentiment: An earnings-call recap characterized the quarter as signaling recovery and growth, though the available report provides limited additional detail. Article
• Negative Sentiment: A previously announced equity buyback plan has expired, potentially removing a source of share-repurchase support; the report does not indicate whether Primo Brands plans a replacement program. Article

About Primo Brands

Primo Brands Corporation is a beverage company focused on providing water and hydration products across North America. The company offers bottled water, water dispensers, refill services, filtration products and other beverage options for households, businesses and retail customers.

Its portfolio includes well-known regional and national water brands such as Poland Spring, Deer Park, Ice Mountain, Arrowhead, Ozarka, Zephyrhills, Pure Life and Primo. Products are distributed through retail stores, direct delivery, e-commerce and workplace and residential water services.

Primo Brands was created through the combination of Primo Water Corporation and BlueTriton Brands, a transaction completed in 2024.