DARDEN RESTAURANTS INC DRI
COM · Common Stock · CUSIP 237194105 · ISIN US2371941053
American multi-brand restaurant operator
- SectorConsumer discretionary
- IndustryRetail-Eating Places
- HeadquartersOrlando, FL
- Founded1968
- Websitedarden.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($92.0m this quarter). Holder counts are more reliable. Shares outstanding: 118.9m as of 2024-05-26, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $151.29. Options: 26 managers hold calls ($189.0m notional), 27 hold puts ($264.6m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 730 |
| Q4 2022 | 814 |
| Q1 2023 | 846 |
| Q2 2023 | 859 |
| Q3 2023 | 855 |
| Q4 2023 | 911 |
| Q1 2024 | 919 |
| Q2 2024 | 902 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 397 | 286 |
| Q1 2023 | 421 | 325 |
| Q2 2023 | 362 | 376 |
| Q3 2023 | 357 | 382 |
| Q4 2023 | 366 | 384 |
| Q1 2024 | 407 | 400 |
| Q2 2024 | 395 | 425 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $304.8m | $370.8m | 1.22 |
| Q4 2023 | $319.4m | $418.7m | 1.31 |
| Q1 2024 | $275.4m | $444.6m | 1.61 |
| Q2 2024 | $189.0m | $264.6m | 1.40 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +919.4k |
| BlackRock Inc. | Added | +502.6k |
| CITADEL ADVISORS LLC | Added | +417.5k |
| JPMORGAN CHASE & CO | Added | +402.7k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | New | +334.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +289.9k |
| UBS Group AG | Added | +249.4k |
| Amundi | Added | +230.4k |
| Qube Research & Technologies Ltd | Added | +219.9k |
| Invesco Ltd. | Added | +216.1k |
Biggest sellers
| MORGAN STANLEY | Reduced | -4.4m |
| Capital World Investors | Reduced | -1.2m |
| AMERIPRISE FINANCIAL INC | Reduced | -707.4k |
| CONGRESS ASSET MANAGEMENT CO | Reduced | -664.0k |
| Capital International Investors | Reduced | -535.3k |
| STEADFAST CAPITAL MANAGEMENT LP | Reduced | -518.8k |
| Nuveen Asset Management, LLC | Reduced | -427.0k |
| NATIXIS ADVISORS, LLC | Reduced | -358.2k |
| FRANKLIN RESOURCES INC | Reduced | -351.3k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -272.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $35.5m234.9k shares |
| CITADEL ADVISORS LLC | Added | $34.9m230.8k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $29.2m192.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $11.5m76.3k shares |
| Walleye Capital LLC | Reduced | $11.2m73.7k shares |
| JANE STREET GROUP, LLC | Reduced | $6.9m45.6k shares |
| UBS Group AG | Unchanged | $6.8m45.0k shares |
| IMC-Chicago, LLC | Added | $6.6m43.8k shares |
| WOLVERINE TRADING, LLC | Added | $6.4m42.5k shares |
| BARCLAYS PLC | Added | $5.8m38.0k shares |
Biggest puts
| MILLENNIUM MANAGEMENT LLC | Reduced | $66.9m441.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $55.1m364.1k shares |
| CITADEL ADVISORS LLC | Reduced | $34.7m229.6k shares |
| UBS Group AG | Reduced | $21.3m140.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $14.7m96.9k shares |
| Portman Square Capital LLP | New | $12.8m84.5k shares |
| CITIGROUP INC | Added | $10.1m67.0k shares |
| IMC-Chicago, LLC | Added | $9.2m60.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $6.1m40.0k shares |
| Walleye Capital LLC | Reduced | $6.0m39.8k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Capital World Investors 13G · institution filed 2025-05-13 | 12.5% |
| BlackRock, Inc. 13G · institution filed 2026-01-21 | 8.0% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
Fell to 5% or below in the last year: WELLINGTON MANAGEMENT GROUP LLP (3.4%, 2026-08-13), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 2 | $5.2m | — |
| Q4 2022 | 0 | — | 6 | $6.1m | — |
| Q1 2023 | 0 | — | 8 | $17.0m | — |
| Q2 2023 | 0 | — | 4 | $10.6m | — |
| Q3 2023 | 0 | — | 6 | $34.6m | — |
| Q4 2023 | 0 | — | 4 | $3.0m | — |
| Q1 2024 | 0 | — | 3 | $3.5m | — |
| Q2 2024 | 0 | — | 2 | $927.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-04-25 | Broad Matthew R SVP General Counsel | Sold | $735.0k4.7k shares |
| 2024-04-08 | Simon William S Director | Sold | $192.9k1.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 0.38% of their portfolio | 15.2m $2.3bn | Reduced -1.2m |
| VANGUARD GROUP INC 0.04% of their portfolio | 13.8m $2.1bn | Added +2.1k |
| BlackRock Inc. 0.03% of their portfolio | 8.7m $1.3bn | Added +502.6k |
| Capital International Investors 0.27% of their portfolio | 8.6m $1.3bn | Reduced -535.3k |
| STATE STREET CORP 0.03% of their portfolio | 4.7m $708.3m | Reduced -44.6k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 3.8m $578.5m | Added +402.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.10% of their portfolio | 3.5m $523.0m | Added +35.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.46% of their portfolio | 3.0m $456.5m | Reduced -23.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 2.8m $421.1m | Added +76.9k |
| RAYMOND JAMES & ASSOCIATES 0.23% of their portfolio | 2.3m $349.3m | Added +105.4k |
| Invesco Ltd. 0.07% of their portfolio | 2.0m $307.9m | Added +216.1k |
| Newport Trust Company, LLC 0.76% of their portfolio | 2.0m $304.2m | Reduced -5.6k |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 1.8m $277.8m | Reduced -177.5k |
| MORGAN STANLEY 0.02% of their portfolio | 1.8m $273.7m | Reduced -4.4m |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 1.7m $261.0m | Added +78.7k |
| EARNEST PARTNERS LLC 1.13% of their portfolio | 1.6m $240.8m | Added +18.9k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 1.3m $203.8m | Reduced -16.0k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.1m $172.8m | Added +132.6k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.1m $170.5m | Added +97.5k |
| Raymond James Financial Services Advisors, Inc. 0.22% of their portfolio | 1.0m $152.1m | Added +26.1k |
| MILLENNIUM MANAGEMENT LLC 0.12% of their portfolio | 941.2k $142.4m | Added +919.4k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 938.6k $142.0m | Reduced -124.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio | 861.1k $130.3m | Added +30.5k |
| Amundi 0.04% of their portfolio | 753.5k $113.0m | Added +230.4k |
| CONGRESS ASSET MANAGEMENT CO 0.79% of their portfolio | 733.1k $110.9m | Reduced -664.0k |
| Legal & General Group Plc 0.03% of their portfolio | 713.4k $108.0m | Added +18.1k |
| Hamlin Capital Management, LLC 3.12% of their portfolio | 699.6k $105.9m | Added +1.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 696.2k $105.3m | Added +289.9k |
| NORGES BANK 0.01% of their portfolio | 625.2k $94.6m | Added +212.0k |
| Boston Partners 0.11% of their portfolio | 605.9k $91.7m | Reduced -241.1k |
| UBS Group AG 0.03% of their portfolio | 597.5k $90.4m | Added +249.4k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 591.4k $89.5m | Added +35.9k |
| MACQUARIE GROUP LTD 0.10% of their portfolio | 576.9k $87.3m | Added +11.3k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 559.7k $84.7m | Reduced -93.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 555.8k $84.1m | Added +163.8k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 529.4k $80.1m | Added +26.0k |
| NEUBERGER BERMAN GROUP LLC 0.06% of their portfolio | 494.6k $74.8m | Added +3.2k |
| California Public Employees Retirement System 0.05% of their portfolio | 488.5k $73.9m | Reduced -55.1k |
| HSBC HOLDINGS PLC 0.04% of their portfolio | 457.1k $69.1m | Added +204.8k |
| WESTWOOD HOLDINGS GROUP INC 0.31% of their portfolio | 441.4k $66.8m | Added +5.3k |
| CITADEL ADVISORS LLC 0.06% of their portfolio | 429.4k $65.0m | Added +417.5k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 420.2k $63.6m | Reduced -427.0k |
| STEADFAST CAPITAL MANAGEMENT LP 1.49% of their portfolio | 414.2k $62.7m | Reduced -518.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.06% of their portfolio | 403.0k $61.0m | Added +23.9k |
| J. Safra Sarasin Holding AG 1.11% of their portfolio | 401.9k $60.8m | First filing |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 395.9k $59.9m | Reduced -32.2k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 378.0k $57.2m | Reduced -13.1k |
| WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC 3.06% of their portfolio | 372.1k $56.3m | Added +10.7k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 370.2k $56.0m | Reduced -707.4k |
| Swiss National Bank 0.04% of their portfolio | 353.4k $53.5m | Reduced -4.2k |
| TORONTO DOMINION BANK 0.09% of their portfolio | 352.3k $53.3m | Added +205.4k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.46% of their portfolio | 334.2k $50.6m | New |
| DekaBank Deutsche Girozentrale 0.09% of their portfolio | 314.2k $47.8m | Reduced -13.4k |
| BARCLAYS PLC 0.02% of their portfolio | 281.6k $42.6m | Reduced -99.4k |
| Qube Research & Technologies Ltd 0.08% of their portfolio | 279.7k $42.3m | Added +219.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 277.6k $42.0m | Reduced -9.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 274.5k $41.5m | Reduced -9.6k |
| CITIGROUP INC 0.04% of their portfolio | 261.5k $39.6m | Reduced -4.8k |
| REGIONS FINANCIAL CORP 0.29% of their portfolio | 255.9k $38.7m | Reduced -557 |
| APG Asset Management N.V. 0.06% of their portfolio | 254.7k $36.0m | Reduced -13.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.07% of their portfolio | 250.3k $37.9m | Reduced -272.6k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 247.7k $37.5m | Added +267 |
| Applied Finance Capital Management, LLC 1.66% of their portfolio | 237.6k $35.9m | Added +61.7k |
| GREAT LAKES ADVISORS, LLC 0.30% of their portfolio | 226.7k $34.3m | Reduced -6.4k |
| Steward Partners Investment Advisory, LLC 0.36% of their portfolio | 223.5k $33.8m | Added +2.2k |
| JENNISON ASSOCIATES LLC 0.02% of their portfolio | 220.7k $33.4m | Added +13.5k |
| Swiss Life Asset Management Ltd 0.38% of their portfolio | 214.7k $32.5m | Reduced -1.7k |
| National Pension Service 0.04% of their portfolio | 206.2k $31.2m | Added +9.8k |
| AEGON ASSET MANAGEMENT UK Plc 0.44% of their portfolio | 205.6k $31.1m | Reduced -77.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 203.4k $30.8m | Added +106.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 178.1k $27.0m | Added +35.8k |
| FMR LLC 0.00% of their portfolio | 174.5k $26.4m | Reduced -1.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 167.1k $25.3m | Reduced -2.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 166.9k $25.3m | Reduced -1.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 166.0k $25.1m | Added +22.8k |
| ALPS ADVISORS INC 0.16% of their portfolio | 150.7k $22.8m | Added +16.6k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 147.1k $22.3m | Added +55.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 145.5k $22.0m | Added +770 |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 144.2k $21.8m | Reduced -445 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 137.3k $20.8m | Reduced -26.2k |
| US BANCORP \DE\ 0.03% of their portfolio | 133.5k $20.2m | Added +66.1k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.08% of their portfolio | 133.0k $20.1m | Reduced -1.3k |
| EASTERN BANK 0.81% of their portfolio | 133.0k $20.1m | Reduced -733 |
| Trexquant Investment LP 0.30% of their portfolio | 131.5k $19.9m | Added +106.4k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 129.4k $19.8m | Added +21.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 127.1k $19.2m | Added +125.9k |
| MIZUHO MARKETS AMERICAS LLC 0.53% of their portfolio | 126.9k $19.2m | Reduced -79.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 118.4k $17.9m | Reduced -7.4k |
| PINEBRIDGE INVESTMENTS, L.P. 0.14% of their portfolio | 118.1k $17.9m | Added +5.2k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 112.4k $17.0m | Reduced -17.8k |
| Bridgewater Associates, LP 0.09% of their portfolio | 110.9k $16.8m | Added +1.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 107.3k $16.2m | Reduced -29.0k |
| VALLEY WEALTH MANAGERS, INC. 1.25% of their portfolio | 103.9k $15.7m | Reduced -1.4k |
| SKBA CAPITAL MANAGEMENT LLC 2.48% of their portfolio | 102.2k $15.5m | Reduced -1.1k |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 98.2k $14.9m | Reduced -4.9k |
| CW Advisors, LLC 0.24% of their portfolio | 97.9k $14.8m | Reduced -88.2k |
| Korea Investment CORP 0.04% of their portfolio | 95.9k $14.5m | Added +62.8k |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 95.9k $14.5m | Reduced -358.2k |
| Distillate Capital Partners LLC 0.77% of their portfolio | 95.7k $14.5m | New |
| PANAGORA ASSET MANAGEMENT INC 0.07% of their portfolio | 93.5k $14.2m | Added +88.5k |