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Capital World Investors Purchases 236,620 Shares of Darden Restaurants, Inc. $DRI
Capital World Investors increased its stake in Darden Restaurants (NYSE:DRI) by 1.6% in the third quarter, acquiring an additional 236,620 shares, bringing their total ownership to 14,839,198 shares valued at approximately $2.825 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $224.89 for the company. Darden Restaurants offers a quarterly dividend of $1.50, equating to a 3.0% annual yield and a payout ratio of about 62.9%.