Darden Restaurants, Inc. (DRI) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its stake in Darden Restaurants, Inc. (NYSE:DRI) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,144 shares of the restaurant operator’s stock after acquiring an additional 636 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Darden Restaurants were worth $1,550,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Darden Restaurants by 2.2% in the third quarter. Wells Fargo & Company MN now owns 3,317,326 shares of the restaurant operator’s stock worth $261,339,000 after acquiring an additional 72,824 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Darden Restaurants by 34.4% in the third quarter. APG Asset Management N.V. now owns 2,361,712 shares of the restaurant operator’s stock worth $186,056,000 after buying an additional 604,364 shares during the last quarter. HS Management Partners LLC purchased a new position in shares of Darden Restaurants in the third quarter worth approximately $157,044,000. Janus Henderson Group PLC boosted its holdings in shares of Darden Restaurants by 113.6% in the third quarter. Janus Henderson Group PLC now owns 1,576,026 shares of the restaurant operator’s stock worth $124,158,000 after buying an additional 838,341 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Darden Restaurants by 3.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,322,512 shares of the restaurant operator’s stock worth $104,184,000 after buying an additional 47,113 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

In other news, SVP Douglas J. Milanes sold 4,300 shares of the business’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $97.05, for a total value of $417,315.00. Following the transaction, the senior vice president now owns 7,513 shares of the company’s stock, valued at $729,136.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Ricardo Cardenas sold 10,783 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $97.17, for a total transaction of $1,047,784.11. Following the completion of the transaction, the chief financial officer now directly owns 20,046 shares in the company, valued at approximately $1,947,869.82. The disclosure for this sale can be found here. Insiders sold 74,866 shares of company stock worth $7,252,094 in the last three months. Insiders own 0.63% of the company’s stock.

Darden Restaurants, Inc. (NYSE DRI) opened at $95.61 on Thursday. The company has a current ratio of 0.34, a quick ratio of 0.20 and a debt-to-equity ratio of 0.47. Darden Restaurants, Inc. has a 1-year low of $73.81 and a 1-year high of $100.11. The firm has a market cap of $11,810.00, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.82 and a beta of 0.16.

Darden Restaurants (NYSE:DRI) last released its earnings results on Tuesday, December 19th. The restaurant operator reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Darden Restaurants had a net margin of 6.46% and a return on equity of 26.24%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.85 billion. equities research analysts forecast that Darden Restaurants, Inc. will post 4.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend was Tuesday, January 9th. Darden Restaurants’s dividend payout ratio (DPR) is presently 63.48%.

DRI has been the topic of a number of research reports. Maxim Group reissued a “buy” rating and issued a $103.00 price objective (up previously from $93.00) on shares of Darden Restaurants in a report on Wednesday, December 20th. Zacks Investment Research raised shares of Darden Restaurants from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Thursday, December 14th. Argus raised shares of Darden Restaurants from a “hold” rating to a “buy” rating and raised their price objective for the stock from $95.67 to $108.00 in a report on Thursday, December 21st. Jefferies Group raised their price objective on shares of Darden Restaurants from $82.00 to $90.00 and gave the stock a “hold” rating in a report on Wednesday, December 20th. Finally, SunTrust Banks set a $94.00 price objective on shares of Darden Restaurants and gave the stock a “hold” rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $96.95.

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About Darden Restaurants

Darden Restaurants, Inc is a full-service restaurant company. The Company owned and operated 1,536 restaurants through its subsidiaries in the United States and Canada, as of May 29, 2016. The Company’s segments include Olive Garden, LongHorn Steakhouse, Fine Dining (which includes The Capital Grille, and Eddie V’s Prime Seafood and Wildfish Seafood Grille (Eddie V’s)) and Other Business (which includes Yard House, Seasons 52, Bahama Breeze, consumer-packaged goods and franchise revenues).

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Institutional Ownership by Quarter for Darden Restaurants (NYSE:DRI)

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