Quantinno Capital Management LP Buys 83,898 Shares of Primo Brands Corporation $PRMB

Quantinno Capital Management LP increased its stake in Primo Brands Corporation (NYSE:PRMB) by 44.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 272,911 shares of the company’s stock after buying an additional 83,898 shares during the quarter. Quantinno Capital Management LP owned approximately 0.08% of Primo Brands worth $5,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PRMB. One Rock Capital Partners LLC acquired a new position in Primo Brands during the fourth quarter worth $1,900,047,000. Viking Global Investors LP lifted its stake in 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 acquiring an additional 14,578,589 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Primo Brands by 189.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 14,454,637 shares of the company’s stock valued at $236,333,000 after acquiring an additional 9,461,990 shares during the period. Alliancebernstein L.P. grew its position in shares of Primo Brands by 2,486.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,867,110 shares of the company’s stock valued at $173,784,000 after acquiring an additional 5,640,287 shares during the period. Finally, Alyeska Investment Group L.P. increased its stake in shares of Primo Brands by 622.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 6,219,575 shares of the company’s stock worth $101,690,000 after purchasing an additional 5,358,687 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Primo Brands Price Performance

Primo Brands stock opened at $23.85 on Friday. The company has a market capitalization of $8.65 billion, a price-to-earnings ratio of 91.74, a PEG ratio of 2.14 and a beta of 0.74. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.72. Primo Brands Corporation has a 12 month low of $14.36 and a 12 month high of $26.21. The stock’s 50 day moving average is $23.98 and its 200-day moving average is $21.62.

Primo Brands (NYSE:PRMB) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Primo Brands had a return on equity of 14.18% and a net margin of 1.49%.The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS. Equities research analysts expect that Primo Brands Corporation will post 1.25 EPS for the current year.

Primo Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%. Primo Brands’s dividend payout ratio (DPR) is currently 342.86%.

Trending Headlines about Primo Brands

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

• Positive Sentiment: Primo Brands exceeded second-quarter expectations, reporting adjusted earnings of $0.37 per share versus the $0.32 consensus estimate and revenue of $1.80 billion versus expectations of $1.77 billion. Revenue increased 3.8% year over year. Primo Brands Reports 2026 Second Quarter Results
• Positive Sentiment: Management raised its 2026 comparable net sales growth outlook to 2%–4%, up from 1%–3%, citing continued strength in premium brands and regional spring water. Adjusted EBITDA rose 5% to $385 million, while the margin improved by 20 basis points. Primo Brands Beats Q2 Earnings Estimates, Raises 2026 Sales Outlook
• Positive Sentiment: TD raised its price target on PRMB from $29 to $35 and assigned a “buy” rating, implying substantial upside from recent trading levels. BayStreet.CA Analyst Ratings
• Neutral Sentiment: Industry coverage identifies Primo Brands among soft-drink companies positioned to benefit from health-focused innovation, although the article does not provide a company-specific catalyst. Soft Drink Stocks Poised for Growth
• Negative Sentiment: An affiliate of One Rock Capital Partners announced a secondary offering of 20 million Class A shares. Although the proceeds go to the selling shareholder rather than Primo Brands, the additional stock supply can weigh on the share price and may raise short-term dilution and overhang concerns. Primo Brands Announces Secondary Offering

Analyst Ratings Changes

PRMB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Primo Brands from $26.00 to $29.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. TD Cowen reaffirmed a “buy” rating on shares of Primo Brands in a research report on Thursday. TD lifted their target price on Primo Brands from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $25.00 target price on shares of Primo Brands in a report on Thursday. Finally, Wall Street Zen upgraded shares of Primo Brands from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.58.

Primo Brands 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.