Primo Brands (NYSE:PRMB) Sets New 52-Week High - Here's What Happened

Primo Brands Co. (NYSE:PRMB - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $32.52 and last traded at $32.52, with a volume of 707 shares trading hands. The stock had previously closed at $30.98.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Primo Brands in a report on Monday, November 18th. They set a "buy" rating and a $33.00 price objective on the stock.

Primo Brands Trading Up 0.1 %

The company has a market cap of $4.97 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.07 and a current ratio of 2.18.

Primo Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.09 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.36 annualized dividend and a yield of 1.16%. Primo Brands's dividend payout ratio is presently 22.36%.

Primo Brands Company Profile

Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers.