AlphaCore Capital LLC Decreases Position in Primo Brands Corporation $PRMB

AlphaCore Capital LLC lessened its stake in Primo Brands Corporation (NYSE:PRMB) by 28.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,818 shares of the company’s stock after selling 23,629 shares during the quarter. AlphaCore Capital LLC’s holdings in Primo Brands were worth $1,322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of PRMB. Viking Global Investors LP raised its stake in shares of Primo Brands by 290.2% in the second quarter. Viking Global Investors LP now owns 19,602,116 shares of the company’s stock valued at $580,615,000 after buying an additional 14,578,589 shares during the period. Alliancebernstein L.P. grew its stake in shares of Primo Brands by 2,486.6% during the 2nd quarter. Alliancebernstein L.P. now owns 5,867,110 shares of the company’s stock worth $173,784,000 after acquiring an additional 5,640,287 shares during the period. Norges Bank purchased a new stake in Primo Brands in the 2nd quarter worth about $105,008,000. Third Point LLC raised its stake in Primo Brands by 108.1% in the 2nd quarter. Third Point LLC now owns 5,775,000 shares of the company’s stock valued at $171,056,000 after acquiring an additional 3,000,000 shares during the period. Finally, Squarepoint Ops LLC lifted its holdings in Primo Brands by 20,485.9% during the second quarter. Squarepoint Ops LLC now owns 2,768,181 shares of the company’s stock valued at $81,994,000 after purchasing an additional 2,754,734 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Primo Brands Stock Up 15.8%

PRMB stock opened at $22.73 on Friday. The company’s 50 day moving average is $18.25 and its 200 day moving average is $19.90. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of -73.32, a price-to-earnings-growth ratio of 0.71 and a beta of 0.63. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 1.59. Primo Brands Corporation has a 1-year low of $14.36 and a 1-year high of $35.85.

Primo Brands (NYSE:PRMB) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 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 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. Sell-side analysts predict that Primo Brands Corporation will post 1.13 EPS for the current fiscal year.

Primo Brands Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Friday, March 6th will be paid a $0.12 dividend. This is a boost from Primo Brands’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, March 6th. Primo Brands’s payout ratio is currently -129.03%.

Primo Brands declared that its board has initiated a share repurchase program on Monday, November 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

PRMB has been the subject of several recent research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $26.00 target price on shares of Primo Brands in a research note on Tuesday. Barclays reduced their price objective on shares of Primo Brands from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Primo Brands in a research report on Monday, December 29th. TD Securities reduced their price target on Primo Brands from $35.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Zacks Research lowered Primo Brands from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.50.

Trending Headlines about Primo Brands

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

• Positive Sentiment: Q4 beat on earnings and revenue — Primo delivered $0.26 EPS (vs. consensus roughly $0.20–$0.22) and $1.55B revenue (vs. ~$1.52B), with revenue up ~11.2% year-over-year. The beats are the primary catalyst cited by analysts and the market. Primo Brands Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Management tone and signs of a turnaround — earnings call/transcript and coverage highlight improving margin dynamics, cost discipline and encouraging operational trends that persuaded investors the company may be exiting its prior trough. Q4 2025 Earnings Call Transcript
• Positive Sentiment: Market reaction and momentum — coverage notes a ~16% intraday rally on heavy volume as investors repositioned into the name after the beat and turnaround commentary. Why Primo Brands Corporation’s (PRMB) Stock Is Up 15.94%
• Neutral Sentiment: Valuation and outlook context — post-rally valuation metrics (market cap, P/E ~18, PEG ~0.71) and analyst estimates are being re-priced; some coverage examines whether the move fully reflects sustainable improvement. A Look At Primo Brands (PRMB) Valuation After Recent Share Price Momentum
• Negative Sentiment: Profitability and balance-sheet cautions — despite EPS beat and positive ROE, the company still reported a negative net margin (~-1.3%) and carries meaningful leverage (debt-to-equity ~1.59), which are ongoing risks if margin recovery stalls. Q4 Earnings and Revenues Beat Estimates

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.