TD Securities Cuts Primo Brands (NYSE:PRMB) Price Target to $27.00

10 Nov 2025, 12:48 by Renee Jackson · The Cerbat Gem

Primo Brands (NYSE:PRMB – Free Report) had its price objective lowered by TD Securities from $35.00 to $27.00 in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on PRMB. Zacks Research downgraded Primo Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Royal Bank Of Canada cut their target price on Primo Brands from $37.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. The Goldman Sachs Group initiated coverage on shares of Primo Brands in a report on Thursday, September 11th. They issued a “neutral” rating and a $25.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Primo Brands from $37.00 to $35.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Morgan Stanley reduced their price target on Primo Brands from $38.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, August 11th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.83.

Get Our Latest Stock Report on PRMB

Primo Brands Stock Up 8.7%

NYSE:PRMB traded up $1.26 during mid-day trading on Friday, reaching $15.72. The company’s stock had a trading volume of 9,273,251 shares, compared to its average volume of 5,337,354. The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 1.55. Primo Brands has a 1 year low of $14.36 and a 1 year high of $35.85. The stock has a fifty day moving average of $22.44 and a 200-day moving average of $26.92. The firm has a market capitalization of $5.87 billion, a PE ratio of -142.77, a price-to-earnings-growth ratio of 0.61 and a beta of 0.72.

Primo Brands (NYSE:PRMB – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.78 billion. Primo Brands had a negative net margin of 1.20% and a positive return on equity of 9.64%. The company’s quarterly revenue was up 35.3% on a year-over-year basis. Equities research analysts forecast that Primo Brands will post 1.13 earnings per share for the current year.

Primo Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.5%. Primo Brands’s dividend payout ratio (DPR) is presently -129.03%.

Insider Activity

In related news, Director Michael John Cramer bought 4,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $24.46 per share, for a total transaction of $97,840.00. Following the completion of the purchase, the director directly owned 12,762 shares of the company’s stock, valued at $312,158.52. This represents a 45.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robbert Rietbroek purchased 8,285 shares of Primo Brands stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average price of $24.12 per share, with a total value of $199,834.20. Following the completion of the transaction, the chief executive officer owned 586,349 shares of the company’s stock, valued at $14,142,737.88. This represents a 1.43% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 24,685 shares of company stock valued at $595,770 in the last quarter. 58.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Primo Brands

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Primo Brands by 28.7% during the first quarter. Vanguard Group Inc. now owns 19,704,538 shares of the company’s stock valued at $699,314,000 after buying an additional 4,389,327 shares during the period. Viking Global Investors LP grew its position in shares of Primo Brands by 290.2% during the 2nd 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 period. Boston Partners increased its stake in shares of Primo Brands by 13.7% in the 2nd quarter. Boston Partners now owns 8,089,479 shares of the company’s stock valued at $239,551,000 after purchasing an additional 971,939 shares in the last quarter. Eminence Capital LP raised its holdings in Primo Brands by 48.3% in the 1st quarter. Eminence Capital LP now owns 7,019,075 shares of the company’s stock worth $249,107,000 after purchasing an additional 2,284,912 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Primo Brands by 2,486.6% during the second 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. 87.71% of the stock is currently owned by institutional investors and hedge funds.

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