Lobbying Update: $90,000 of DARDEN RESTAURANTS INC. lobbying was just disclosed

$90,000 of DARDEN RESTAURANTS INC. lobbying was just disclosed, from Q4 of 2024, in a new Lobbying Disclosure Act filing.

This included lobbying on issues like:

"Workforce issues. Minimum wage legislation.
Tax issues impacting Darden Restaurants."

You can find more data on corporate lobbying on Quiver Quantitative.

DRI Insider Trading Activity

DRI insiders have traded $DRI stock on the open market 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.

Here’s a breakdown of recent trading of $DRI stock by insiders over the last 6 months:

• RICARDO CARDENAS (President and CEO) has made 0 purchases and 2 sales selling 42,403 shares for an estimated $7,279,874.
• DANIEL J. KIERNAN (President, Olive Garden) has made 0 purchases and 3 sales selling 20,919 shares for an estimated $3,588,390.
• MELVIN JOHN MARTIN (President, SRG) has made 0 purchases and 4 sales selling 16,970 shares for an estimated $2,958,070.
• TODD BURROWES (President, Business Developmt) has made 0 purchases and 2 sales selling 15,783 shares for an estimated $2,888,792.
• SARAH H. KING (SVP, Chief People Officer) has made 0 purchases and 3 sales selling 15,941 shares for an estimated $2,344,266.
• SUSAN M. CONNELLY (SVP, Chief Comm & PA Officer) has made 0 purchases and 2 sales selling 12,584 shares for an estimated $2,253,451.
• MATTHEW R BROAD (SVP General Counsel) has made 0 purchases and 2 sales selling 9,531 shares for an estimated $1,507,251.
• LAURA B WILLIAMSON (President, LongHorn Steakhouse) has made 0 purchases and 4 sales selling 8,058 shares for an estimated $1,392,777.
• RAJESH VENNAM (SVP, CFO) sold 7,228 shares for an estimated $1,313,374
• DOUGLAS J. MILANES (SVP, Chief Supply Chain Ofcr) sold 5,705 shares for an estimated $981,495
• JOHN W. MADONNA (SVP, Corporate Controller) sold 4,735 shares for an estimated $818,959
• NANA MENSAH sold 1,171 shares for an estimated $201,292
• M SHAN ATKINS sold 1,100 shares for an estimated $199,217

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

DRI Hedge Fund Activity

We have seen 345 institutional investors add shares of DRI stock to their portfolio, and 451 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• MIZUHO SECURITIES USA LLC added 8,851,795 shares (+96162.9%) to their portfolio in Q3 2024, for an estimated $1,452,845,113
• CAPITAL INTERNATIONAL INVESTORS added 1,748,699 shares (+20.4%) to their portfolio in Q3 2024, for an estimated $287,013,966
• VICTORY CAPITAL MANAGEMENT INC removed 1,701,565 shares (-56.4%) from their portfolio in Q3 2024, for an estimated $279,277,863
• MILLENNIUM MANAGEMENT LLC removed 780,914 shares (-83.0%) from their portfolio in Q3 2024, for an estimated $128,171,414
• MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 772,907 shares (+111.0%) to their portfolio in Q3 2024, for an estimated $126,857,225
• STEADFAST CAPITAL MANAGEMENT LP removed 414,172 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $67,978,050
• JPMORGAN CHASE & CO added 377,611 shares (+19.8%) to their portfolio in Q3 2024, for an estimated $61,977,293

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.