Primo Brands (PRMB)
Combining bottled water brands with delivery, exchange, refill and dispenser services across North America.
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Sells branded packaged water and related beverages through retail channels, alongside direct delivery, exchange, refill and dispenser services. A vertically integrated United States and Canada network combines national and regional brands with recurring large-format water routes.
Sells packaged water and related beverages across national, regional and premium brands, including Poland Spring, Pure Life and Primo Water. Direct Delivery, Exchange and Refill complement retail sales, while dispensers support recurring large-format water purchases.
Operates a vertically integrated production and distribution network across the United States and Canada. The combined platform joins BlueTriton’s retail reach with legacy Primo Water’s routes and customer relationships, giving the business multiple formats, channels and price points.
Execution centers on integrating the two predecessor operations and unifying their routes to market. The business depends on managed access to water sources, packaging inputs, product safety and contamination controls, while plastics regulation and related litigation shape operating requirements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 7, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $26 | Target: $29 |
| Aug 7, 2026 | RBC Capital | Reiterate | Rating: —Target: $28 | Target: $31 |
| Aug 7, 2026 | Barclays | Reiterate | Rating: —Target: $27 | Target: $29 |
| Aug 6, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $40 | Target: $25 |
| Jul 21, 2026 | Barclays | Reiterate | Rating: —Target: $25 | Target: $27 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $366.8M · Total debt $5.70B · Total assets $10.64B · Shareholders' equity $2.98B
- Revenue
- $1.80B
- Operating income
- $180.3M
- Net income
- $69.2M
HistoryDividendAnnual yield
| Institutions | 110.70% | 401.12M shares | |
|---|---|---|---|
| 403 holders · as of Jun 30, 2026 | |||
| Insiders | 0.75% | 2.74M shares | |
| 17 holders · as of Aug 12, 2026 | |||
| Strategic holders | 16.01% | 58.00M shares | |
| 1 holder · as of Nov 25, 2024 | |||
| Adds to | 127.46% | ||
362.35M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 127.46%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
One Rock Capital Partners, LLCInstitution | 32.07% | 116.21M | as of Jun 30, 2026 |
Triton Water Equity Holdings, LPStrategic10 percent owner | 16.01% | 58.00M | filed Nov 25, 2024 |
FMR LLCInstitution | 6.90% | 25.02M | as of Jun 30, 2026 |
Sachem Head Capital Management LPInstitution | 4.91% | 17.80M | as of Jun 30, 2026 |
Samlyn Capital, LLCInstitution | 4.56% | 16.53M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Eric J. Foss | director, officer: Exec. Chair and CEO | +84,000 | $23.80 |
| Aug 7, 2026 | Tony W. Lee | director, 10 percent owner: | −20,410,340 | $24.37 |
| Aug 7, 2026 | ORCP III DE TopCo GP, LLC | 10 percent owner | −20,410,340 | $24.37 |
| Nov 13, 2025 | Steven P. Stanbrook | director | +54,540 | $16.43 |
| Nov 11, 2025 | Eric J. Foss | director, officer: Exec. Chair and CEO | +123,049 | $15.52 |
- Coca-Cola
Major rival across retail bottled, premium, and enhanced water
- PepsiCo
Retail bottled-water and enhanced-hydration brand rival
- Keurig Dr Pepper
Packaged-water rival with owned Core and partner hydration brands
- Clorox
At-home filtration alternative to packaged and refill water
- A. O. Smith
Overlap in residential and commercial water filtration
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Primo Brands | $19.80 | −3.32% | $7.43B | 74.7 | 13.9 | 1.1 | +3.8% |
| Coca-Cola | $88.87 | +2.01% | $374.84B | 26.2 | 26.2 | 7.5 | +6.7% |
| PepsiCo | $131.19 | +1.23% | $177.02B | 17.0 | 15.0 | 1.8 | +6.4% |
| Keurig Dr Pepper | $31.50 | +2.87% | $41.66B | 30.8 | 12.8 | 2.1 | +75.6% |
| Clorox | $87.02 | +2.52% | $10.26B | 17.6 | 15.0 | 1.5 | −2.0% |
| A. O. Smith | $58.10 | +1.99% | $7.89B | 15.9 | 14.9 | 2.1 | −0.7% |
| Median | 17.6 | 15.0 | 2.1 | +6.4% |