Primo Brands (NYSE:PRMB) Given New $29.00 Price Target at TD Securities

Primo Brands (NYSE:PRMB) had its target price upped by TD Securities from $27.00 to $29.00 in a report issued on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Morgan Stanley reiterated an “overweight” rating on shares of Primo Brands in a report on Monday, January 5th. The Goldman Sachs Group dropped their price objective on shares of Primo Brands from $21.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Primo Brands in a report on Monday, December 29th. Mizuho lowered their target price on Primo Brands from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Finally, Zacks Research downgraded Primo Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

Primo Brands Trading Up 0.1%

NYSE:PRMB traded up $0.02 during midday trading on Friday, hitting $22.67. The stock had a trading volume of 6,455,645 shares, compared to its average volume of 5,966,574. The stock has a 50-day moving average of $18.38 and a 200 day moving average of $19.89. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 151.12, a PEG ratio of 0.82 and a beta of 0.63. Primo Brands has a one year low of $14.36 and a one year high of $35.85. The company has a quick ratio of 0.86, a current ratio of 1.02 and a debt-to-equity ratio of 1.59.

Primo Brands (NYSE:PRMB) last issued its earnings results on Thursday, February 26th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.06. Primo Brands had a return on equity of 14.24% and a net margin of 0.90%.The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the business earned $0.13 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Primo Brands will post 1.13 EPS for the current year.

Primo Brands declared that its Board of Directors has authorized a stock buyback program on Monday, November 10th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 0.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Primo Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Friday, March 6th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from Primo Brands’s previous quarterly dividend of $0.10. Primo Brands’s payout ratio is 266.67%.

Institutional Investors Weigh In On Primo Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PRMB. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Primo Brands during the second quarter valued at about $26,000. Caption Management LLC purchased a new stake in Primo Brands during the 3rd quarter worth approximately $27,000. LRI Investments LLC increased its stake in Primo Brands by 203.1% during the 4th quarter. LRI Investments LLC now owns 1,949 shares of the company’s stock valued at $32,000 after purchasing an additional 1,306 shares in the last quarter. Picton Mahoney Asset Management raised its holdings 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 buying an additional 850 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Primo Brands by 516.6% during the fourth quarter. Quarry LP now owns 2,380 shares of the company’s stock worth $39,000 after buying an additional 1,994 shares during the period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Primo Brands

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

• Positive Sentiment: Q4 results beat expectations — Primo reported $0.26 EPS and $1.55B revenue (up ~11.2% YoY), topping consensus and signaling a turnaround that underpins the rally. Primo Brands Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Market reaction: multiple outlets report a double‑digit intraday jump as the market priced in the swing to profits and improving top‑line momentum. Primo Brands (PRMB) Rockets 15% on Swing to Profits
• Positive Sentiment: Analyst upgrade: TD Securities raised its price target to $29 and reiterated a “buy” rating, citing the upside from current levels — this provides additional analyst support for further gains. BayStreet.CA
• Neutral Sentiment: Earnings call transcripts and coverage are live — Seeking Alpha/Yahoo transcripts provide management commentary and investor Q&A that will determine how durable the turnaround looks. Investors should read the call for margin drivers and outlook. Primo Brands Q4 2025 Earnings Call Transcript (Seeking Alpha)
• Neutral Sentiment: Valuation note: pieces analyzing valuation after the move highlight that momentum has pushed shares higher and investors should reassess multiples versus the company’s recovery assumptions. A Look At Primo Brands (PRMB) Valuation After Recent Share Price Momentum
• Negative Sentiment: Conflicting reports: at least one transcript source reported the quarter as a miss (negative EPS figure), creating short‑term noise and potential confusion for investors and traders. This can increase intraday volatility until reconciled. Primo Brands Q4 2025 Earnings Call Transcript (InsiderMonkey)
• Negative Sentiment: Structural risks remain — the company still shows a negative trailing net margin and carries leverage (debt/equity ~1.59); sustaining margin improvement and converting revenue growth to consistent net profit is key to maintaining the move. No link

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.