Orion Porfolio Solutions LLC Purchases New Holdings in Primo Brands Corporation $PRMB

Orion Porfolio Solutions LLC acquired a new position in Primo Brands Corporation (NYSE:PRMB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,492 shares of the company’s stock, valued at approximately $1,140,000.

Several other large investors have also modified their holdings of the business. Viking Global Investors LP grew its stake in Primo Brands by 290.2% in the 2nd quarter. Viking Global Investors LP now owns 19,602,116 shares of the company’s stock worth $580,615,000 after acquiring an additional 14,578,589 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Primo Brands by 2,486.6% in the second quarter. Alliancebernstein L.P. now owns 5,867,110 shares of the company’s stock valued at $173,784,000 after purchasing an additional 5,640,287 shares during the period. Samlyn Capital LLC grew its stake in Primo Brands by 401.8% in the first quarter. Samlyn Capital LLC now owns 4,656,312 shares of the company’s stock worth $165,253,000 after purchasing an additional 3,728,344 shares in the last quarter. Norges Bank purchased a new position in Primo Brands during the 2nd quarter worth $105,008,000. Finally, Axiom Investors LLC DE bought a new stake in Primo Brands during the 1st quarter valued at $115,081,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Insiders Place Their Bets

In other Primo Brands news, Director Michael John Cramer purchased 5,000 shares of Primo Brands stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost of $15.73 per share, with a total value of $78,650.00. Following the completion of the transaction, the director owned 17,762 shares in the company, valued at approximately $279,396.26. This trade represents a 39.18% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David W. Hass acquired 15,910 shares of the stock in a transaction dated Tuesday, November 11th. The stock was acquired at an average cost of $15.71 per share, with a total value of $249,946.10. Following the transaction, the chief financial officer directly owned 64,745 shares in the company, valued at approximately $1,017,143.95. This represents a 32.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 203,469 shares of company stock valued at $3,214,674. Company insiders own 58.40% of the company’s stock.

Primo Brands Stock Performance

Shares of Primo Brands stock opened at $16.35 on Tuesday. The company has a market capitalization of $6.05 billion, a PE ratio of -52.72, a P/E/G ratio of 0.56 and a beta of 0.64. The company has a 50-day simple moving average of $18.05 and a two-hundred day simple moving average of $23.35. Primo Brands Corporation has a one year low of $14.36 and a one year high of $35.85. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.86 and a current ratio of 1.02.

Primo Brands (NYSE:PRMB) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.78 billion. Primo Brands had a negative net margin of 1.30% and a positive return on equity of 12.52%. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. Research analysts expect that Primo Brands Corporation will post 1.13 EPS for the current fiscal year.

Primo Brands declared that its Board of Directors has authorized a stock buyback program on Monday, November 10th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 0.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Primo Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, November 25th. Primo Brands’s payout ratio is currently -129.03%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on Primo Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, December 18th. Royal Bank Of Canada lowered their price objective on shares of Primo Brands from $37.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, November 4th. Zacks Research cut shares of Primo Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. TD Securities reduced their price target on shares of Primo Brands from $35.00 to $27.00 and set a “buy” rating for the company in a report on Friday, November 7th. Finally, The Goldman Sachs Group dropped their price objective on shares of Primo Brands from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.33.

Primo Brands News Roundup

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

• Positive Sentiment: Management will participate in a virtual fireside chat hosted by RBC Capital Markets — an opportunity for management to address integration progress and investor questions, which could help reduce uncertainty. Primo Brands to Participate in a Virtual Fireside Chat with RBC Capital Markets
• Neutral Sentiment: Faruqi & Faruqi and other firms are investigating potential claims and encouraging affected shareholders to contact them — these notices increase noise but are investigatory until a lead plaintiff is appointed or a court action advances. PRMB INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims
• Negative Sentiment: Several law firms have filed or announced class actions/investor alerts alleging securities fraud tied to the June 17, 2024 merger and subsequent integration — firms include The Gross Law Firm, Bronstein Gewirtz & Grossman, The Schall Law Firm, Portnoy Law Firm, Hagens Berman, Bernstein Liebhard, and others. Claims focus on alleged undisclosed technology failures, supply‑chain risks and misrepresentations about the merger’s execution; the deadline to seek lead‑plaintiff status is Jan. 12, 2026. These filings raise litigation risk, potential legal costs, and management distraction.
  Gross Law Firm Filing
  Bronstein Alert
  Schall Law Firm Notice
  Portnoy Filing
  Hagens Berman Alert
  Bernstein Liebhard Announcement

About Primo Brands

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.