Sen. Markwayne Mullin Sells Off Shares of Primo Brands Corporation (NYSE:PRMB)

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 17th.

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

• 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 The Goldman Sachs Group (NYSE:GS) on 12/18/2025.
• Sold $1,001 – $15,000 in shares of Primo Brands (NYSE:PRMB) 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.

Primo Brands Trading Up 1.4%

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

Primo Brands (NYSE:PRMB) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. Primo Brands had a positive return on equity of 12.52% and a negative net margin of 1.30%.The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.78 billion. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. On average, research analysts anticipate that Primo Brands Corporation will post 1.13 EPS for the current fiscal year.

Primo Brands declared that its board has approved a stock repurchase plan on Monday, November 10th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase up to 0.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Primo Brands Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on PRMB. Mizuho decreased their price target on shares of Primo Brands from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Barclays reduced their price objective 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. JPMorgan Chase & Co. lowered their target price on Primo Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, December 18th. 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 report on Tuesday, November 4th. Finally, TD Securities decreased their price target on Primo Brands from $35.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, November 7th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.09.

Insider Activity at Primo Brands

In related news, Director Michael John Cramer acquired 5,000 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $15.73 per share, for a total transaction of $78,650.00. Following the purchase, the director directly owned 17,762 shares of the company’s stock, valued at $279,396.26. The trade was a 39.18% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven P. Stanbrook bought 54,540 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The shares were bought at an average price of $16.43 per share, for a total transaction of $896,092.20. Following the transaction, the director directly owned 181,601 shares in the company, valued at $2,983,704.43. This trade represents a 42.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 203,469 shares of company stock worth $3,214,674. Corporate insiders own 58.40% of the company’s stock.

Hedge Funds Weigh In On Primo Brands

Hedge funds have recently bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in shares of Primo Brands during the 2nd quarter valued at about $3,255,000. KBC Group NV increased its holdings in Primo Brands by 0.7% in the second quarter. KBC Group NV now owns 2,066,527 shares of the company’s stock worth $61,211,000 after purchasing an additional 15,299 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Primo Brands by 60.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,802,613 shares of the company’s stock valued at $112,405,000 after buying an additional 1,433,010 shares during the period. Fortress Investment Group LLC acquired a new position in Primo Brands in the second quarter valued at approximately $1,823,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of Primo Brands by 1,026.4% during the 2nd quarter. Hsbc Holdings PLC now owns 260,326 shares of the company’s stock worth $7,685,000 after buying an additional 237,215 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

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.