Sen. Markwayne Mullin Sells Off Shares of Primo Brands Corporation (NYSE:PRMB)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Primo Brands Corporation (NYSE:PRMB). In a filing disclosed on January 13th, the Senator disclosed that they had sold between $1,001 and $15,000 in Primo Brands stock on December 17th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Applied Industrial Technologies (NYSE:AIT) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Primo Brands (NYSE:PRMB) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Stride (NYSE:LRN) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of MasTec (NYSE:MTZ) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Iron Mountain (NYSE:IRM) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Iron Mountain (NYSE:IRM) on 12/18/2025.

Primo Brands Stock Performance

PRMB opened at $18.35 on Thursday. The stock’s 50 day simple moving average is $16.26 and its 200-day simple moving average is $21.88. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 1.59. The stock has a market cap of $6.79 billion, a PE ratio of -59.18, a P/E/G ratio of 0.61 and a beta of 0.63. Primo Brands Corporation has a 1 year low of $14.36 and a 1 year high of $35.85.

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

Primo Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, November 25th. Primo Brands’s dividend payout ratio (DPR) is presently -129.03%.

Primo Brands announced that its board has initiated a share repurchase plan on Monday, November 10th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 0.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

PRMB has been the topic of a number of analyst reports. Royal Bank Of Canada lowered their target price on shares of Primo Brands from $37.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. The Goldman Sachs Group decreased their price objective on Primo Brands from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. Jefferies Financial Group assumed coverage on Primo Brands in a research note on Friday, October 17th. They issued a “hold” rating and a $23.00 price objective on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Primo Brands in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. cut their target price on Primo Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, December 18th. Eight research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $26.09.

Insider Activity at Primo Brands

In related news, Director Steven P. Stanbrook purchased 54,540 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were acquired at an average cost of $16.43 per share, with a total value of $896,092.20. Following the completion of the purchase, the director directly owned 181,601 shares of the company’s stock, valued at $2,983,704.43. This trade represents a 42.92% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric J. Foss purchased 4,970 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $16.15 per share, with a total value of $80,265.50. Following the acquisition, the chief executive officer owned 360,036 shares of the company’s stock, valued at $5,814,581.40. This represents a 1.40% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have bought 203,469 shares of company stock worth $3,214,674. 58.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd acquired a new stake in Primo Brands during the 2nd quarter valued at $3,255,000. KBC Group NV grew its holdings in shares of Primo Brands by 0.7% during the second quarter. KBC Group NV now owns 2,066,527 shares of the company’s stock worth $61,211,000 after purchasing an additional 15,299 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Primo Brands by 60.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,802,613 shares of the company’s stock valued at $112,405,000 after buying an additional 1,433,010 shares in the last quarter. Fortress Investment Group LLC acquired a new stake in shares of Primo Brands in the second quarter valued at $1,823,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Primo Brands by 1,026.4% in the second quarter. Hsbc Holdings PLC now owns 260,326 shares of the company’s stock valued at $7,685,000 after buying an additional 237,215 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

Primo Brands Company 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.