Third Point LLC Increases Stock Position in Primo Brands Corporation $PRMB

12 Dec 2025, 09:56 by Doug Wharley · The Cerbat Gem

Third Point LLC lifted its holdings in shares of Primo Brands Corporation (NYSE:PRMB – Free Report) by 108.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,775,000 shares of the company’s stock after buying an additional 3,000,000 shares during the period. Primo Brands comprises 2.2% of Third Point LLC’s investment portfolio, making the stock its 22nd biggest holding. Third Point LLC’s holdings in Primo Brands were worth $171,056,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PRMB. Bayesian Capital Management LP purchased a new stake in shares of Primo Brands in the second quarter valued at approximately $1,134,000. Occudo Quantitative Strategies LP acquired a new stake in Primo Brands in the second quarter valued at $4,305,000. Alliancebernstein L.P. boosted its position 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 purchasing an additional 5,640,287 shares in the last quarter. Main Street Financial Solutions LLC acquired a new position in shares of Primo Brands during the 2nd quarter worth $257,000. Finally, Treasurer of the State of North Carolina purchased a new position in shares of Primo Brands in the 2nd quarter valued at about $3,552,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael John Cramer acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average price of $15.73 per share, for a total transaction of $78,650.00. Following the transaction, the director owned 17,762 shares in the company, valued at $279,396.26. This trade represents a 39.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric J. Foss bought 4,970 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of $16.15 per share, with a total value of $80,265.50. Following the purchase, the chief executive officer directly owned 360,036 shares in the company, valued at $5,814,581.40. The trade was a 1.40% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 203,469 shares of company stock worth $3,214,674 in the last ninety days. 58.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

PRMB has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Primo Brands in a report on Monday. Bank of America decreased their price target on Primo Brands from $32.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, October 8th. The Goldman Sachs Group lowered their price target on Primo Brands from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, November 25th. JPMorgan Chase & Co. reduced their price objective on Primo Brands from $37.00 to $35.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Mizuho decreased their target price on Primo Brands from $35.00 to $28.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Nine 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.50.

Read Our Latest Analysis on PRMB

Primo Brands Stock Up 2.3%

PRMB stock opened at $16.08 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.02 and a quick ratio of 0.86. The company’s 50 day simple moving average is $18.82 and its 200-day simple moving average is $24.24. Primo Brands Corporation has a 12 month low of $14.36 and a 12 month high of $35.85. The firm has a market capitalization of $5.95 billion, a PE ratio of -51.87, a P/E/G ratio of 0.51 and a beta of 0.64.

Primo Brands (NYSE:PRMB – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. The firm 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%.The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. Equities analysts expect that Primo Brands Corporation will post 1.13 earnings per share for the current fiscal year.

Primo Brands declared that its Board of Directors has initiated a stock 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 reacquire up to 0.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Primo Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, November 25th. Primo Brands’s dividend payout ratio is currently -129.03%.

About Primo Brands

(Free Report)

Primo Brands Corp. is a branded beverage company, which focuses on healthy hydration. It delivers sustainably and domestically sourced diversified offerings across products, formats, channels, price points and consumer occasions, distributed in the United States and Canada. The company provides water filtration units for home and business consumers across North America.