Sen. Markwayne Mullin Sells Primo Brands Corporation (NYSE:PRMB) Stock

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of Primo Brands Corporation (NYSE:PRMB). In a filing disclosed on January 13th, the Senator disclosed that they had sold between $1,001 and $15,000 in Primo Brands stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Applied Industrial Technologies (NYSE:AIT) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Coherent (NYSE:COHR) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Dell Technologies (NYSE:DELL) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Stride (NYSE:LRN) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of MasTec (NYSE:MTZ) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 12/18/2025.
• Sold $15,001 – $50,000 in shares of Iron Mountain (NYSE:IRM) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Iron Mountain (NYSE:IRM) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Primo Brands (NYSE:PRMB) on 12/17/2025.

Primo Brands Price Performance

PRMB stock traded up $0.26 on Thursday, hitting $18.58. 6,482,506 shares of the company’s stock traded hands, compared to its average volume of 5,321,719. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of -59.92, a P/E/G ratio of 0.62 and a beta of 0.63. Primo Brands Corporation has a 1-year low of $14.36 and a 1-year high of $35.85. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 1.59. The stock has a fifty day moving average of $16.27 and a 200-day moving average of $21.85.

Primo Brands (NYSE:PRMB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. The company 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 1.30% and a positive return on equity of 12.52%. The firm’s quarterly revenue was up 35.3% compared to the same quarter last year. On average, analysts forecast that Primo Brands Corporation will post 1.13 EPS for the current fiscal year.

Primo Brands announced that its board has approved a share repurchase program on Monday, November 10th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 0.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Primo Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th were issued a $0.10 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 2.2%. Primo Brands’s dividend payout ratio is -129.03%.

Institutional Investors Weigh In On Primo Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRMB. Dynamic Technology Lab Private Ltd acquired a new position in Primo Brands in the 1st quarter worth $229,000. Caxton Associates LLP bought a new stake in shares of Primo Brands in the first quarter valued at about $266,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Primo Brands by 64.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 995,194 shares of the company’s stock valued at $35,319,000 after purchasing an additional 388,520 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Primo Brands by 19.4% during the first quarter. Intech Investment Management LLC now owns 83,552 shares of the company’s stock worth $2,965,000 after buying an additional 13,569 shares during the period. Finally, Strs Ohio bought a new position in shares of Primo Brands during the first quarter worth about $1,803,000. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Mizuho dropped 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. Barclays reduced their target price on shares of Primo Brands from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Jefferies Financial Group initiated coverage on shares of Primo Brands in a research report on Friday, October 17th. They set a “hold” rating and a $23.00 target price for the company. Zacks Research downgraded shares of Primo Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Finally, Bank of America reduced their price target on shares of Primo Brands from $32.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, October 8th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $26.09.

Insider Transactions at Primo Brands

In other Primo Brands news, CFO David W. Hass purchased 15,910 shares of the stock in a transaction on Tuesday, November 11th. The shares were purchased at an average cost of $15.71 per share, for a total transaction of $249,946.10. Following the purchase, the chief financial officer owned 64,745 shares of the company’s stock, valued at approximately $1,017,143.95. This represents a 32.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven P. Stanbrook acquired 54,540 shares of Primo Brands stock in a transaction dated Thursday, November 13th. The shares were acquired at an average price of $16.43 per share, with a total value of $896,092.20. Following the completion of the purchase, the director owned 181,601 shares in the company, valued at approximately $2,983,704.43. The trade was a 42.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 203,469 shares of company stock worth $3,214,674 in the last 90 days. 58.40% of the stock is owned by corporate insiders.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.