Madison Asset Management LLC Takes Position in Primo Brands Corporation $PRMB

Posted by George Bondi on Aug 21st, 2026

Madison Asset Management LLC purchased a new stake in Primo Brands Corporation (NYSE:PRMB – Free Report) during the second quarter, Holdings Channel reports. The institutional investor purchased 143,301 shares of the company’s stock, valued at approximately $3,502,000.

Several other hedge funds and other institutional investors have also bought and sold shares of PRMB. Fulton Bank N.A. increased its stake in Primo Brands by 10.5% in the second quarter. Fulton Bank N.A. now owns 28,759 shares of the company’s stock valued at $703,000 after purchasing an additional 2,741 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Primo Brands in the second quarter valued at approximately $419,000. Assenagon Asset Management S.A. lifted its position in Primo Brands by 350.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 65,544 shares of the company’s stock valued at $1,602,000 after acquiring an additional 50,989 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Primo Brands during the second quarter worth about $37,000. Finally, CoreCap Advisors LLC bought a new stake in shares of Primo Brands in the second quarter worth $88,000. Institutional investors own 87.71% of the company’s stock.

Primo Brands Stock Down 2.3%

Primo Brands stock opened at $23.10 on Friday. The stock has a market cap of $8.37 billion, a P/E ratio of 88.85, a P/E/G ratio of 1.63 and a beta of 0.74. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.71. Primo Brands Corporation has a twelve month low of $14.36 and a twelve month high of $26.21. The company’s 50-day moving average price is $24.02 and its two-hundred day moving average price is $21.97.

Primo Brands (NYSE:PRMB – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. Primo Brands had a net margin of 1.49% and a return on equity of 14.24%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, analysts expect that Primo Brands Corporation will post 1.27 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 paid a dividend of $0.12 per share. The ex-dividend date is Monday, August 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.1%. Primo Brands’s dividend payout ratio (DPR) is 184.62%.

Analyst Ratings Changes

PRMB has been the topic of a number of recent research reports. TD Cowen reaffirmed a “buy” rating on shares of Primo Brands in a research report on Thursday, August 6th. TD increased their price target on Primo Brands from $29.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Primo Brands in a research note on Friday, August 7th. Royal Bank Of Canada boosted their price target on Primo Brands from $28.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $25.00 price objective on shares of Primo Brands in a research note on Thursday, August 6th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Primo Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.25.

Get Our Latest Analysis on Primo Brands

Insiders Place Their Bets

In other news, CEO Eric J. Foss purchased 84,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was acquired at an average cost of $23.80 per share, with a total value of $1,999,200.00. Following the acquisition, the chief executive officer owned 573,806 shares in the company, valued at approximately $13,656,582.80. This trade represents a 17.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 32.90% of the company’s stock.

Primo Brands Profile

(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.

Its product range spans multi-serve and single-serve bottles, aluminum cans and other eco-friendly packaging solutions.