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Forex

RBC Cuts Stake in Darden Restaurants Amid Institutional Buying

Guavy AI Editorial Team
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CAD
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Royal Bank of Canada has significantly reduced its stake in Darden Restaurants, Inc. (NYSE:DRI) by 7.2% in the first quarter, according to a recent Form 13F filing with the Securities & Exchange Commission.

The fund owned 277,495 shares of the restaurant operator's stock after selling 21,455 shares during the period, valuing its stake at $54,400,000.

This marks one of several significant moves by institutional investors in Darden Restaurants, with Wellington Management Group LLP boosting its holdings by 81% and Norges Bank buying a new stake worth $144,483,000 in the fourth quarter.

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