Primo Brands Surges to 368th in Trading Volume with $216 Million Turnover

On June 18, 2025, Primo Brands (PRMB) saw a significant increase in trading volume, with a total turnover of $216 million, marking a 47.46% rise from the previous day. This surge placed Primo Brands at the 368th position in terms of trading volume for the day. However, the stock price closed with a slight decrease of 0.20%.

Several analysts have recently adjusted their ratings and price targets for Primo Brands. Barclays reduced its price target from $40.00 to $38.00, while maintaining an overweight rating. Bank of America initiated coverage with a buy rating and a $42.00 price target. JPMorgan Chase & Co. increased its price target from $38.00 to $41.00, also giving an overweight rating. TD Securities started coverage with a buy rating and a $48.00 price target. Mizuho initiated coverage with an outperform rating and a $43.00 price target. Truist Financial also began coverage with a buy rating and a $42.00 price target. Overall, nine analysts have given Primo Brands a buy rating, with a consensus price target of $41.33.

Primo Brands recently announced a quarterly dividend of $0.10 per share, payable on June 17, 2025, to stockholders of record as of June 6, 2025. This represents an annualized dividend of $0.40 and a dividend yield of 1.35%. The ex-dividend date is June 6, 2025. The company's payout ratio is currently at -500.00%.

In terms of insider trading, Director Tony W. Lee sold 50,657,562 shares on May 12, 2025, at an average price of $31.67, totaling approximately $1.60 billion. Following this transaction, Lee's ownership in the company decreased by 30.36%. Institutional investors have also been active, with several firms acquiring new positions in Primo Brands during the fourth quarter.