As Darden Restaurants INC Com (DRI) Shares Declined, Holder Sg Americas Securities LLC Cut Its Holding

April 17, 2018 - By Louis Casey

Darden Restaurants, Inc. (NYSE:DRI) LogoInvestors sentiment decreased to 0.88 in 2017 Q4. Its down 0.08, from 0.96 in 2017Q3. It turned negative, as 46 investors sold DRI shares while 187 reduced holdings. 83 funds opened positions while 121 raised stakes. 103.03 million shares or 4.63% less from 108.03 million shares in 2017Q3 were reported. Moreover, Andra Ap has 0.14% invested in Darden Restaurants, Inc. (NYSE:DRI) for 65,800 shares. Meiji Yasuda Life Ins Company invested in 0.09% or 6,430 shares. Duncker Streett & has invested 0.02% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Bluestein R H holds 5,000 shares. Natl Pension Ser has invested 0% in Darden Restaurants, Inc. (NYSE:DRI). Coastline Tru reported 15,490 shares. Hsbc Pcl owns 383,787 shares. Tarbox Family Office reported 0% stake. Thompson Siegel And Walmsley Ltd Co invested 0% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Lazard Asset Management Limited Co holds 269,221 shares or 0.05% of its portfolio. Transamerica Advsrs Inc has invested 0.08% in Darden Restaurants, Inc. (NYSE:DRI). Natixis, France-based fund reported 34,509 shares. Sumitomo Mitsui Asset Mgmt Limited holds 8,637 shares. Advsr Asset Management holds 12,060 shares or 0.02% of its portfolio. Lmr Prtnrs Llp accumulated 12,732 shares.

Since January 10, 2018, it had 0 insider purchases, and 3 insider sales for $7.25 million activity. $1.05 million worth of Darden Restaurants, Inc. (NYSE:DRI) shares were sold by Cardenas Ricardo. Another trade for 4,300 shares valued at $417,315 was made by Milanes Douglas J. on Wednesday, January 10.

Sg Americas Securities Llc decreased its stake in Darden Restaurants Inc Com (DRI) by 56.28% based on its latest 2017Q4 regulatory filing with the SEC. Sg Americas Securities Llc sold 164,881 shares as the company’s stock declined 12.63% with the market. The institutional investor held 128,059 shares of the consumer services company at the end of 2017Q4, valued at $12.30 million, down from 292,940 at the end of the previous reported quarter. Sg Americas Securities Llc who had been investing in Darden Restaurants Inc Com for a number of months, seems to be less bullish one the $11.07 billion market cap company. The stock increased 0.53% or $0.47 during the last trading session, reaching $89.42. About 1.19 million shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 11.43% since April 17, 2017 and is uptrending. It has underperformed by 0.12% the S&P500.

Sg Americas Securities Llc, which manages about $10.72 billion US Long portfolio, upped its stake in Coca Cola Co Com (NYSE:KO) by 688,729 shares to 868,029 shares, valued at $39.83 million in 2017Q4, according to the filing. It also increased its holding in Shopify Inc Cl A by 33,329 shares in the quarter, for a total of 39,200 shares, and has risen its stake in Aetna Inc New Com (NYSE:AET).

Darden Restaurants, Inc. (NYSE:DRI) Ratings Coverage

Among 19 analysts covering Darden Restaurants (NYSE:DRI), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Darden Restaurants had 36 analyst reports since October 19, 2017 according to SRatingsIntel. On Tuesday, December 19 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Darden Restaurants, Inc. (NYSE:DRI) earned “Buy” rating by Stifel Nicolaus on Tuesday, December 19. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, December 21. RBC Capital Markets upgraded Darden Restaurants, Inc. (NYSE:DRI) on Monday, April 2 to “Buy” rating. Credit Suisse maintained Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, December 20 with “Hold” rating. On Thursday, January 11 the stock rating was maintained by SunTrust with “Hold”. The firm has “Buy” rating by Canaccord Genuity given on Friday, January 5. The firm earned “Hold” rating on Friday, March 23 by Deutsche Bank. Barclays Capital maintained Darden Restaurants, Inc. (NYSE:DRI) rating on Friday, March 23. Barclays Capital has “Overweight” rating and $105 target. The rating was maintained by Oppenheimer on Thursday, March 22 with “Buy”.

Darden Restaurants, Inc. (NYSE:DRI) Institutional Positions Chart

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