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Primo Brands Corporation (NYSE:PRMB) is included among the 11 Worst Performing Dividend Stocks Year-to-Date.

Soft Retail Volumes Prompt Mizuho to Trim Primo Brands (PRMB) Target

Photo by NeONBRAND on Unsplash

On November 26, Miuho trimmed its price target on Primo Brands Corporation (NYSE:PRMB) to $28 from $35 and kept an Outperform rating on the shares. The update came as Nielsen scanner data pointed toward soft retail volumes and larger discounts through November 15.

On November 10, Primo Brands Corporation (NYSE:PRMB) announced that it has authorized an increase of $50 million to the company’s existing share repurchase program. This brought the total amount under the program to $300 million. The company has already repurchased approximately 4.4 million shares of its Class A common stock for approximately $97.7 million.

In the third quarter of 2025, Primo Brands Corporation (NYSE:PRMB) reported revenue of $1.76 billion, which showed a significant growth of 35% from the same period last year. The growth was mainly driven by net sales from Primo Water following the merger, along with higher volumes contributed by BlueTriton. The company’s gross margin was 29.9%, compared with 31.9% in the prior year period.

Primo Brands Corporation (NYSE:PRMB) also declared a rebound in its delivery service rate (DSR), which is back to approximately 95% and is consistent with historical levels. The company’s synergy plan is expected to achieve $200 million and $300 million run rate targets by 2025 and 2026, respectively.

Primo Brands Corporation (NYSE:PRMB) is a Florida-based branded beverage company that has an extensive portfolio of packaged branded water and beverages.

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Disclosure: None.