Darden Restaurants (DRI) Holding Boosted by Choate Investment Advisors; As Metlife (MET) Share Price Declined, Atria Investments Upped Holding by $2.80 Million

April 17, 2018 - By Winifred Garcia

Darden Restaurants, Inc. (NYSE:DRI) Logo

Choate Investment Advisors increased its stake in Darden Restaurants Inc (DRI) by 0.4% based on its latest 2017Q4 regulatory filing with the SEC. Choate Investment Advisors bought 55 shares as the company’s stock declined 12.63% with the market. The institutional investor held 13,745 shares of the consumer services company at the end of 2017Q4, valued at $1.32 billion, up from 13,690 at the end of the previous reported quarter. Choate Investment Advisors who had been investing in Darden Restaurants Inc for a number of months, seems to be bullish on the $11.04B market cap company. The stock increased 0.29% or $0.26 during the last trading session, reaching $89.21. About 879,747 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.

Atria Investments Llc increased its stake in Metlife Inc (MET) by 264.05% based on its latest 2017Q4 regulatory filing with the SEC. Atria Investments Llc bought 55,909 shares as the company’s stock declined 10.38% with the market. The institutional investor held 77,083 shares of the finance company at the end of 2017Q4, valued at $3.90 million, up from 21,174 at the end of the previous reported quarter. Atria Investments Llc who had been investing in Metlife Inc for a number of months, seems to be bullish on the $48.55B market cap company. The stock decreased 1.18% or $0.56 during the last trading session, reaching $46.83. About 2.49M shares traded. MetLife, Inc. (NYSE:MET) has declined 1.24% since April 17, 2017 and is downtrending. It has underperformed by 12.79% the S&P500.

Among 19 analysts covering MetLife (NYSE:MET), 10 have Buy rating, 1 Sell and 8 Hold. Therefore 53% are positive. MetLife had 56 analyst reports since July 31, 2015 according to SRatingsIntel. As per Friday, May 5, the company rating was maintained by Wells Fargo. Wells Fargo maintained the shares of MET in report on Wednesday, August 2 with “Buy” rating. FBR Capital maintained MetLife, Inc. (NYSE:MET) on Monday, August 29 with “Outperform” rating. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Buy”. On Monday, November 28 the stock rating was downgraded by FBR Capital to “Mkt Perform”. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, November 13. The stock has “Neutral” rating by Credit Suisse on Friday, October 7. The rating was maintained by RBC Capital Markets with “Buy” on Friday, August 4. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, July 13. J.P. Morgan initiated the shares of MET in report on Monday, July 24 with “Hold” rating.

Atria Investments Llc, which manages about $2.88B and $2.01B US Long portfolio, decreased its stake in General Mtrs Co (NYSE:GM) by 72,572 shares to 30,340 shares, valued at $1.24 million in 2017Q4, according to the filing. It also reduced its holding in Vanguard Bd Index Fd Inc (BIV) by 8,542 shares in the quarter, leaving it with 43,798 shares, and cut its stake in Ishares Tr (IWF).

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.13, from 0.89 in 2017Q3. It improved, as 45 investors sold MET shares while 330 reduced holdings. 93 funds opened positions while 290 raised stakes. 782.94 million shares or 0.24% less from 784.85 million shares in 2017Q3 were reported. Johnson Investment Counsel has 0.02% invested in MetLife, Inc. (NYSE:MET). 4,250 are owned by Whalerock Point Prtnrs Limited Co. Institute For Wealth Ltd Company holds 11,562 shares or 0.14% of its portfolio. Blackrock Inc invested in 73.20M shares or 0.18% of the stock. Brown Advisory Inc stated it has 0.01% in MetLife, Inc. (NYSE:MET). Cypress Asset Mgmt Incorporated Tx accumulated 4,325 shares. Tompkins Fincl Corp owns 3,816 shares. Pennsylvania Com owns 31,637 shares for 0.07% of their portfolio. Thomas J Herzfeld Advsrs owns 0% invested in MetLife, Inc. (NYSE:MET) for 105 shares. Mariner Wealth Advsr Ltd Com holds 3,982 shares. Cornerstone Advsr has invested 0.23% in MetLife, Inc. (NYSE:MET). Tocqueville Asset LP owns 0.24% invested in MetLife, Inc. (NYSE:MET) for 423,944 shares. Phocas Finance, a California-based fund reported 4,474 shares. 570,279 were reported by Voya Invest Mngmt Ltd Liability. Rockefeller Finance Ser owns 54,581 shares.

Among 27 analysts covering Darden Restaurants (NYSE:DRI), 16 have Buy rating, 0 Sell and 11 Hold. Therefore 59% are positive. Darden Restaurants had 109 analyst reports since August 25, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, December 19 by SunTrust. Canaccord Genuity maintained Darden Restaurants, Inc. (NYSE:DRI) rating on Tuesday, June 27. Canaccord Genuity has “Buy” rating and $10200 target. The rating was upgraded by Argus Research on Thursday, January 5 to “Buy”. The rating was downgraded by Raymond James to “Underperform” on Friday, January 29. The company was upgraded on Monday, October 19 by Maxim Group. BMO Capital Markets maintained the stock with “Hold” rating in Friday, January 12 report. The company was maintained on Tuesday, January 2 by SunTrust. As per Friday, March 24, the company rating was maintained by RBC Capital Markets. Credit Suisse maintained the shares of DRI in report on Wednesday, December 20 with “Hold” rating. Maxim Group downgraded the shares of DRI in report on Monday, November 28 to “Hold” rating.

Investors sentiment decreased to 0.88 in Q4 2017. 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. Nomura holds 0% in Darden Restaurants, Inc. (NYSE:DRI) or 7,920 shares. Peddock Advsrs Lc accumulated 0.47% or 9,685 shares. Landscape Management Limited Co owns 29,787 shares. Fred Alger Mngmt Incorporated accumulated 0.01% or 12,957 shares. Trillium Asset Mgmt Ltd invested in 0.01% or 2,175 shares. 974,263 are owned by Schwab Charles Investment Mgmt. Advisor Prtnrs Ltd Liability Com has 8,291 shares. Gradient Investments invested 0.49% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Citigroup has 0.02% invested in Darden Restaurants, Inc. (NYSE:DRI). Capital Fund accumulated 182,661 shares. Macquarie Gru Ltd accumulated 72,767 shares. Bragg Fincl Advsrs invested 0.28% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Raymond James Na owns 6,041 shares. State Teachers Retirement System holds 0.05% or 206,173 shares in its portfolio. Middleton Com Inc Ma holds 0.06% or 3,910 shares.

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

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By1 Winifred Garcia

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