Sen. Markwayne Mullin Unloads 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 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

Shares of NYSE:PRMB traded up $0.26 on Thursday, hitting $18.58. The company’s stock had a trading volume of 6,482,506 shares, compared to its average volume of 7,882,211. The company has a market capitalization of $6.88 billion, a PE ratio of -59.92, a PEG ratio of 0.61 and a beta of 0.63. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.02 and a quick ratio of 0.86. The company has a 50-day simple moving average of $16.27 and a 200 day simple moving average of $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 issued its quarterly earnings data on Thursday, November 6th. The company reported $0.41 EPS for the quarter, hitting the consensus estimate 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 positive return on equity of 12.52% and a negative net margin of 1.30%.The business’s revenue was up 35.3% compared to the same quarter last year. Sell-side analysts forecast that Primo Brands Corporation will post 1.13 EPS for the current fiscal year.

Primo Brands declared that its Board of Directors has authorized 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 generally a sign that the company’s leadership believes its shares are undervalued.

Primo Brands Announces Dividend

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

Hedge Funds Weigh In On Primo Brands

Several institutional investors and hedge funds have recently bought and sold shares of PRMB. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Primo Brands in the second quarter valued at approximately $26,000. Caption Management LLC purchased a new position in shares of Primo Brands in the third quarter worth $27,000. Byrne Asset Management LLC purchased a new position in shares of Primo Brands in the third quarter worth $47,000. 1620 Investment Advisors Inc. bought a new stake in Primo Brands during the 3rd quarter valued at $54,000. Finally, Blue Trust Inc. bought a new stake in Primo Brands during the 3rd quarter valued at $57,000. 87.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Steven P. Stanbrook purchased 54,540 shares of the business’s stock in a transaction on 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 acquisition, the director directly 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Eric J. Foss acquired 4,970 shares of the stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average cost of $16.15 per share, with a total value of $80,265.50. Following the completion of the purchase, the chief executive officer owned 360,036 shares of the company’s stock, valued at approximately $5,814,581.40. The trade was a 1.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 203,469 shares of company stock worth $3,214,674 in the last quarter. Insiders own 58.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Primo Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Bank of America cut their target price on shares of Primo Brands from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, October 8th. Mizuho reduced their target price on Primo Brands from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. Jefferies Financial Group began coverage on Primo Brands in a research note on Friday, October 17th. They set a “hold” rating and a $23.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on Primo Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, December 18th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.09.

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.