Panagora Asset Management Has Decreased Its Darden Restaurants (DRI) Stake by $338,016; General Electric Co (GE) Holding Raised by Clarkston Capital Partners Llc

April 19, 2018 - By Linda Rogers

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Panagora Asset Management Inc decreased its stake in Darden Restaurants Inc (DRI) by 15.14% based on its latest 2017Q4 regulatory filing with the SEC. Panagora Asset Management Inc sold 3,521 shares as the company’s stock declined 12.63% with the market. The institutional investor held 19,731 shares of the consumer services company at the end of 2017Q4, valued at $1.90 million, down from 23,252 at the end of the previous reported quarter. Panagora Asset Management Inc who had been investing in Darden Restaurants Inc for a number of months, seems to be less bullish one the $11.11 billion market cap company. The stock decreased 0.06% or $0.05 during the last trading session, reaching $89.71. About 77,125 shares traded. Darden Restaurants, Inc. (NYSE:DRI) has risen 11.43% since April 19, 2017 and is uptrending. It has underperformed by 0.12% the S&P500.

Clarkston Capital Partners Llc increased its stake in General Electric Co (GE) by 41.98% based on its latest 2017Q4 regulatory filing with the SEC. Clarkston Capital Partners Llc bought 754,548 shares as the company’s stock declined 23.20% with the market. The institutional investor held 2.55 million shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $44.53 million, up from 1.80M at the end of the previous reported quarter. Clarkston Capital Partners Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $120.70B market cap company. The stock increased 1.76% or $0.24 during the last trading session, reaching $13.9. About 16.51M shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 19, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Clarkston Capital Partners Llc, which manages about $457.76 million and $2.58 billion US Long portfolio, decreased its stake in Pepsico Inc (NYSE:PEP) by 6,500 shares to 304,749 shares, valued at $36.55M in 2017Q4, according to the filing. It also reduced its holding in Lpl Finl Hldgs Inc (NASDAQ:LPLA) by 108,885 shares in the quarter, leaving it with 2.20 million shares, and cut its stake in Mastercard Incorporated (NYSE:MA).

Since January 26, 2018, it had 1 insider buy, and 0 sales for $43,446 activity.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It worsened, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Asset Group Inc stated it has 0.23% in General Electric Company (NYSE:GE). Captrust Financial Advsrs holds 0.33% or 311,813 shares in its portfolio. Segall Bryant And Hamill Limited Liability Co has invested 0.14% in General Electric Company (NYSE:GE). Hayek Kallen Invest Mngmt has 118,158 shares for 1.35% of their portfolio. State Board Of Administration Of Florida Retirement System reported 12.54 million shares. Connor Clark & Lunn Inv Management holds 0.18% or 1.80 million shares in its portfolio. Cornerstone Incorporated holds 0.04% or 14,140 shares in its portfolio. Crossvault Cap Management Limited Liability reported 0.14% in General Electric Company (NYSE:GE). Gfs Lc holds 3.23% of its portfolio in General Electric Company (NYSE:GE) for 855,207 shares. 14,700 were reported by Crestpoint Lc. Cap Associate stated it has 37,850 shares or 0.94% of all its holdings. The Switzerland-based Gam Holding Ag has invested 0.49% in General Electric Company (NYSE:GE). Phocas Financial Corporation reported 24,179 shares stake. Green Square Cap Limited Liability Com has 0.07% invested in General Electric Company (NYSE:GE) for 26,727 shares. Williams Jones And Assocs Ltd Co accumulated 0.11% or 284,948 shares.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Outperform” rating and $30 target in Thursday, October 5 report. The rating was maintained by Cowen & Co with “Hold” on Friday, April 21. On Monday, April 4 the stock rating was downgraded by Bernstein to “Market Perform”. maintained General Electric Company (NYSE:GE) on Monday, October 10 with “Buy” rating. The stock has “Sell” rating by J.P. Morgan on Monday, October 9. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, October 14. The firm earned “Neutral” rating on Monday, October 23 by UBS. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, October 24. On Tuesday, October 20 the stock rating was maintained by S&P Research with “Buy”. Cowen & Co maintained General Electric Company (NYSE:GE) on Monday, August 7 with “Hold” rating.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.08, from 0.96 in 2017Q3. It is 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. Captrust Financial Advsrs holds 0% or 331 shares in its portfolio. Moody Financial Bank Division invested 0.05% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Raymond James Finance Service has invested 0.02% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Element Cap Mgmt Limited Liability accumulated 94,816 shares or 0.23% of the stock. State Treasurer State Of Michigan owns 36,253 shares for 0.03% of their portfolio. Focused Wealth Management Inc reported 140 shares or 0% of all its holdings. Capital Fund Mgmt Sa holds 0.1% or 182,661 shares. Louisiana State Employees Retirement Sys has 7,500 shares for 0.03% of their portfolio. New Mexico Educational Retirement Board invested 0.04% of its portfolio in Darden Restaurants, Inc. (NYSE:DRI). Price T Rowe Assocs Md holds 0% in Darden Restaurants, Inc. (NYSE:DRI) or 211,969 shares. Guggenheim Capital Llc owns 492,153 shares for 0.11% of their portfolio. 3,018 are owned by Dixon Hubard Feinour Brown Inc Va. Advisor Prtn Lc has 8,291 shares for 0.15% of their portfolio. Bnp Paribas Arbitrage Sa holds 111,299 shares. X Mngmt Co Limited Liability Co reported 8,928 shares.

Since January 10, 2018, it had 0 insider buys, and 3 sales for $7.25 million activity. 4,300 shares valued at $417,315 were sold by Milanes Douglas J. on Wednesday, January 10. Cardenas Ricardo also sold $1.05M worth of Darden Restaurants, Inc. (NYSE:DRI) on Wednesday, January 10.

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 stock of Darden Restaurants, Inc. (NYSE:DRI) has “Underperform” rating given on Wednesday, July 13 by Wells Fargo. The stock of Darden Restaurants, Inc. (NYSE:DRI) has “Hold” rating given on Tuesday, December 19 by SunTrust. BTIG Research maintained Darden Restaurants, Inc. (NYSE:DRI) rating on Wednesday, April 6. BTIG Research has “Buy” rating and $75 target. The company was maintained on Friday, November 13 by Credit Suisse. Maxim Group maintained Darden Restaurants, Inc. (NYSE:DRI) on Friday, July 1 with “Buy” rating. The firm has “Buy” rating by Bank of America given on Monday, June 26. The company was maintained on Friday, March 24 by RBC Capital Markets. RBC Capital Markets maintained it with “Hold” rating and $95.0 target in Thursday, December 21 report. The rating was maintained by RBC Capital Markets on Friday, March 23 with “Hold”. As per Monday, December 21, the company rating was maintained by Maxim Group.

Analysts await Darden Restaurants, Inc. (NYSE:DRI) to report earnings on June, 26. They expect $1.35 earnings per share, up 14.41% or $0.17 from last year’s $1.18 per share. DRI’s profit will be $167.11 million for 16.61 P/E if the $1.35 EPS becomes a reality. After $1.71 actual earnings per share reported by Darden Restaurants, Inc. for the previous quarter, Wall Street now forecasts -21.05% negative EPS growth.

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