Eric Foss Purchases 84,000 Shares of Primo Brands (NYSE:PRMB) Stock

14 Aug 2026, 08:39 by Kim Johansen · The Markets Daily

Primo Brands Corporation (NYSE:PRMB – Get Free Report) CEO Eric Foss bought 84,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were acquired at an average cost of $23.80 per share, with a total value of $1,999,200.00. Following the completion of the transaction, the chief executive officer owned 573,806 shares in the company, valued at approximately $13,656,582.80. The trade was a 17.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Primo Brands Trading Up 3.6%

NYSE PRMB opened at $24.76 on Friday. The business’s fifty day moving average is $23.95 and its 200-day moving average is $21.79. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.05 and a quick ratio of 0.86. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 95.23, a PEG ratio of 1.67 and a beta of 0.74. Primo Brands Corporation has a one year low of $14.36 and a one year high of $26.21.

Primo Brands (NYSE:PRMB – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Primo Brands had a net margin of 1.49% and a return on equity of 14.24%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that Primo Brands Corporation will post 1.25 EPS for the current year.

Primo Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, August 24th. Primo Brands’s payout ratio is currently 184.62%.

Institutional Investors Weigh In On Primo Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Caption Management LLC bought a new position in Primo Brands in the 3rd quarter worth about $27,000. LRI Investments LLC grew its holdings in shares of Primo Brands by 203.1% during the fourth quarter. LRI Investments LLC now owns 1,949 shares of the company’s stock worth $32,000 after purchasing an additional 1,306 shares in the last quarter. Picton Mahoney Asset Management increased its position in shares of Primo Brands by 65.2% in the fourth quarter. Picton Mahoney Asset Management now owns 2,153 shares of the company’s stock worth $35,000 after purchasing an additional 850 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in Primo Brands in the second quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC raised its stake in Primo Brands by 76.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,962 shares of the company’s stock valued at $37,000 after purchasing an additional 853 shares in the last quarter. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating and issued a $29.00 price target on shares of Primo Brands in a research report on Friday, August 7th. TD Cowen reiterated a “buy” rating on shares of Primo Brands in a research note on Thursday, August 6th. Barclays increased their target price on Primo Brands from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. JPMorgan Chase & Co. raised their price target on Primo Brands from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $25.00 price target on shares of Primo Brands in a research report on Thursday, August 6th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.25.

Get Our Latest Stock Report on PRMB

About Primo Brands

(Get Free Report)

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.