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Pacer Advisors cut its Darden Restaurants stake by nearly 68%, despite the company meeting earnings expectations.
Pacer Advisors Inc. significantly reduced its stake in Darden Restaurants, Inc. (DRI) by 68.1% in Q4, while other hedge funds like Compass Wealth Management and MCF Advisors increased their holdings.
Despite varied analyst ratings, DRI met earnings expectations with a $2.03 EPS and a 6.0% revenue increase year-over-year.
The company has a market cap of $22.90 billion and a debt-to-equity ratio of 1.02.
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Pacer Advisors redujo su participación en Darden Restaurants en casi un 68%, a pesar de que la compañía cumplió con las expectativas de ganancias.