William Blair Investment Management Adds $10M in Primo Brands Corporation ($PRMB)
Key Points
- William Blair Investment Management changed its Primo Brands Corporation ($PRMB) stake by 3.4% last quarter, boosting to 13,056,192 shares worth $307.34 million.
- Wall Street's consensus rating on $PRMB is Buy and an average price target of $27.18.
- $PRMB last traded around $23.54.
William Blair Investment Management increased its position in Primo Brands Corporation ($PRMB) by 3.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,056,192 shares of Primo Brands Corporation after buying 428,772 shares during the quarter. William Blair Investment Management's holdings in Primo Brands Corporation were worth $307.34 million as of its most recent filing.
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About Primo Brands Corporation
Primo Brands Corporation operates as a branded beverage company in North America. It offers bottle 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. The company has a portfolio of packaged branded beverages under the Poland Spring, Pure Life, Saratoga, Mountain Valley, Arrowhead, Deer Park, Ice Mountain, Ozarka, and Zephyrhills brands; purified brands, including Primo Water and Sparkletts; and flavored and enhanced brands, such as AC+ION and Splash Refresher. It distributes direct-to-consumer, retail, commercial and residential customers, and e-commerce and digital platforms. The company is based in Stamford, Connecticut.
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