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 18th.

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

• Sold $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/18/2025.
• 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 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.
• Sold $1,001 – $15,000 in shares of Primo Brands (NYSE:PRMB) on 12/17/2025.

Primo Brands Stock Performance

NYSE PRMB opened at $18.35 on Thursday. The company has a fifty day moving average of $16.26 and a two-hundred day moving average of $21.88. The company has a market capitalization 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. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.02 and a quick ratio of 0.86.

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

Primo Brands announced that its Board of Directors has authorized a share repurchase plan on Monday, November 10th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to purchase up to 0.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Primo Brands Dividend Announcement

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

Hedge Funds Weigh In On Primo Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WINTON GROUP Ltd acquired a new stake in Primo Brands in the second quarter valued at $3,255,000. KBC Group NV grew its stake in shares of Primo Brands by 0.7% during the 2nd 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 period. Allspring Global Investments Holdings LLC increased its holdings in shares of Primo Brands by 60.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,802,613 shares of the company’s stock valued at $112,405,000 after purchasing 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 about $1,823,000. Finally, Hsbc Holdings PLC lifted its stake 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 purchasing an additional 237,215 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Insider Activity at Primo Brands

In other news, Director Steven P. Stanbrook acquired 54,540 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average cost of $16.43 per share, with a total value of $896,092.20. Following the purchase, the director directly owned 181,601 shares of the company’s stock, valued at approximately $2,983,704.43. This trade represents a 42.92% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael John Cramer acquired 5,000 shares of Primo Brands stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $15.73 per share, with a total value of $78,650.00. Following the completion of the acquisition, the director owned 17,762 shares of the company’s stock, valued at $279,396.26. The trade was a 39.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 203,469 shares of company stock valued at $3,214,674. 58.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PRMB shares. Mizuho reduced their price objective on Primo Brands from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. JPMorgan Chase & Co. lowered their target price on shares of Primo Brands from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, December 18th. 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 research report on Friday, November 7th. Morgan Stanley reiterated an “overweight” rating on shares of Primo Brands in a research note on Monday, January 5th. Finally, Barclays lowered their price objective on shares of Primo Brands from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.09.

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.

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.