Six Darden Executives Sold Stock Within a Week

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โดย The Motley Fool·Read original
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Six Darden Restaurants executives, including the CEO, CFO, two brand presidents, and two staff chiefs, reported stock sales within about a week, according to SEC filings. Chief Communications and Public Affairs Officer Susan M. Connelly sold 2,226 shares on July 29 for approximately $463,386, reducing her direct holdings by 35% to 4,165 shares, while she retains nearly 3,000 derivative securities. The sales cluster around a period when the stock sits near recent highs, following a fiscal year in which Darden crossed $13 billion in annual sales for the first time and grew adjusted earnings 11.4%. The company reported trailing 12-month revenue of $13.2 billion and net income of $1.2 billion, with a market capitalization of $24.3 billion as of the July 29 close. Analysts characterized the transactions as natural selling rather than a collective judgment on the stock, given the record year and recent share price appreciation.

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