5 Best Dividend-Paying Beverage Stocks to Buy Now

4. Primo Brands Corporation (NYSE:PRMB)

Number of Hedge Fund Holders: 57

Dividend Yield as of May 26: 2.00%

Primo Brands Corporation (NYSE:PRMB) operates as a branded beverage company in North America. It offers bottled water solutions and water filtration services; and premium spring and sparkling water, purified water, self-service refill drinking water, flavored and enhanced beverages, water dispensers, and filtration equipment.

On May 9, BofA bumped up its price target on Primo Brands Corporation (NYSE:PRMB) from $25 to $27, while maintaining a ‘Buy’ rating on the shares. The target boost indicates an upside of over 12% from the current share price.

BofA revised its estimates following Primo Brands’ Q1 2026 report on May 7. The analyst firm applied a slightly higher valuation multiple to the stock, reflecting the stronger visibility on both topline and adjusted EBITDA for the rest of this year.

Primo Brands Corporation (NYSE:PRMB) reported mixed results for its first quarter, with its adjusted EPS of $0.23 falling slightly below estimates by $0.01. However, the company grew its revenue by 1.2% YoY to $1.63 billion and exceeded expectations by $50 million. Based on its strong Q1 top-line growth, Primo Brands raised its FY 2026 comparable organic net sales growth guidance to 1% to 3%, up from flat to 1% previously.