Primo Brands Corporation $PRMB Stock Holdings Lifted by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Primo Brands position by 20% in the first quarter, adding 46,646 shares to own 280,168 shares valued at approximately $5.3 million.
• Institutional ownership remains high at 87.71%, with major investors including Viking Global, Vanguard, Fuller & Thaler, and William Blair also increasing their holdings.
• Primo Brands recently beat quarterly earnings and revenue expectations, while raising its 2026 comparable sales-growth outlook to 2%–4%; however, a 20-million-share secondary offering could create near-term stock-price pressure.

California State Teachers Retirement System grew its position in shares of Primo Brands Corporation (NYSE:PRMB - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 280,168 shares of the company's stock after buying an additional 46,646 shares during the quarter. California State Teachers Retirement System owned approximately 0.08% of Primo Brands worth $5,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. One Rock Capital Partners LLC acquired a new stake in Primo Brands in the fourth quarter valued at approximately $1,900,047,000. Viking Global Investors LP increased its position in Primo Brands by 17.5% during the third quarter. Viking Global Investors LP now owns 23,033,970 shares of the company's stock worth $509,051,000 after buying an additional 3,431,854 shares during the last quarter. Vanguard Group Inc. increased its position in Primo Brands by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 23,028,858 shares of the company's stock worth $376,522,000 after buying an additional 1,053,185 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Primo Brands by 189.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 14,454,637 shares of the company's stock valued at $236,333,000 after buying an additional 9,461,990 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in Primo Brands by 6.7% during the fourth quarter. William Blair Investment Management LLC now owns 12,627,420 shares of the company's stock valued at $206,458,000 after buying an additional 793,036 shares in the last quarter. Institutional investors own 87.71% of the company's stock.

Key Stories Impacting Primo Brands

Here are the key news stories impacting Primo Brands this week:

• Positive Sentiment: Primo Brands exceeded second-quarter expectations, reporting adjusted earnings of $0.37 per share versus the $0.32 consensus estimate and revenue of $1.80 billion versus expectations of $1.77 billion. Revenue increased 3.8% year over year. Primo Brands Reports 2026 Second Quarter Results
• Positive Sentiment: Management raised its 2026 comparable net sales growth outlook to 2%–4%, up from 1%–3%, citing continued strength in premium brands and regional spring water. Adjusted EBITDA rose 5% to $385 million, while the margin improved by 20 basis points. Primo Brands Beats Q2 Earnings Estimates, Raises 2026 Sales Outlook
• Positive Sentiment: TD raised its price target on PRMB from $29 to $35 and assigned a “buy” rating, implying substantial upside from recent trading levels. BayStreet.CA Analyst Ratings
• Neutral Sentiment: Industry coverage identifies Primo Brands among soft-drink companies positioned to benefit from health-focused innovation, although the article does not provide a company-specific catalyst. Soft Drink Stocks Poised for Growth
• Negative Sentiment: An affiliate of One Rock Capital Partners announced a secondary offering of 20 million Class A shares. Although the proceeds go to the selling shareholder rather than Primo Brands, the additional stock supply can weigh on the share price and may raise short-term dilution and overhang concerns. Primo Brands Announces Secondary Offering

Analyst Ratings Changes

A number of research analysts have recently commented on PRMB shares. TD Cowen reissued a "buy" rating on shares of Primo Brands in a report on Thursday. Wall Street Zen upgraded Primo Brands from a "sell" rating to a "hold" rating in a report on Saturday, May 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $25.00 target price on shares of Primo Brands in a research report on Thursday. TD lifted their price target on shares of Primo Brands from $29.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Royal Bank Of Canada set a $28.00 price objective on shares of Primo Brands in a research note on Thursday, April 9th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $27.58.

Primo Brands Price Performance

Shares of PRMB stock opened at $23.85 on Friday. Primo Brands Corporation has a 12 month low of $14.36 and a 12 month high of $26.21. The company has a market capitalization of $8.65 billion, a P/E ratio of 91.74, a P/E/G ratio of 2.14 and a beta of 0.74. The stock has a 50 day moving average of $23.98 and a two-hundred day moving average of $21.62. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 1.72.

Primo Brands (NYSE:PRMB - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The business had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.77 billion. Primo Brands had a return on equity of 14.18% and a net margin of 1.49%.Primo Brands's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 earnings per share. As a group, equities analysts expect that Primo Brands Corporation will post 1.25 EPS for the current year.

Primo Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, August 24th. Primo Brands's payout ratio is 342.86%.

About Primo Brands

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.

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