Darden Restaurants, Inc. bonds DRI
Who owns Darden Restaurants, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. DRI stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 237194AL9 | 3.85% fixed | 2027-05-01 | USD | 99.48 | 4.55% | 61 bp | 9 | $48.8M | Jul 2026 |
| 237194AP0 | 4.35% fixed | 2027-10-15 | USD | 99.66 | 4.63% | 55 bp | 13 | $8.1M | Jul 2026 |
| 237194AQ8 | 4.55% fixed | 2029-10-15 | USD | 98.92 | 4.92% | 65 bp | 11 | $16.2M | Jul 2026 |
| 237194AN5 | 6.3% fixed | 2033-10-10 | USD | 104.88 | 5.47% | 100 bp | 8 | $10.7M | Jul 2026 |
| 237194AE5 | 6% fixed | 2035-08-15 | USD | 102.09 | 5.70% | 127 bp | 1 | $1.0M | May 2026 |
| 237194AM7 | 4.55% fixed | 2048-02-15 | USD | 78.75 | 6.38% | 127 bp | 5 | $1.2M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 5 | $84.9M | 99.48 | 5.19% | 82 bp | 13 |
| Jun 2026 | 5 | $101.4M | 99.44 | 5.00% | 75 bp | 32 |
| May 2026 | 6 | $107.3M | 99.71 | 5.15% | 82 bp | 18 |
| Apr 2026 | 5 | $53.2M | 99.84 | 4.60% | 75 bp | 15 |
| Mar 2026 | 5 | $133.8M | 99.78 | 4.62% | 85 bp | 34 |
| Feb 2026 | 6 | $120.5M | 100.99 | 4.44% | 69 bp | 18 |
| Jan 2026 | 5 | $41.1M | 100.53 | 4.26% | 59 bp | 11 |
| Dec 2025 | 5 | $123.8M | 100.52 | 4.28% | 67 bp | 34 |
| Nov 2025 | 6 | $120.8M | 100.64 | 4.62% | 85 bp | 18 |
| Oct 2025 | 5 | $40.1M | 100.41 | 4.40% | 82 bp | 12 |
| Sep 2025 | 5 | $124.1M | 100.42 | 4.40% | 80 bp | 34 |
| Aug 2025 | 6 | $134.4M | 100.38 | 4.82% | 90 bp | 18 |
| Jul 2025 | 5 | $40.2M | 99.49 | 4.68% | 78 bp | 12 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 22 added, 44 cut, 6 new holders and 13 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $42.1M | $42.0M | $0 |
| Navigator Tactical Fixed Income Fund Northern Lights Fund Trust | 2026-07-31 | $41.5M | $41.2M | $33.7M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $21.2M | $21.1M | -$4.3M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $13.0M | $12.6M | $130K |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.8M | $10.5M | -$9.0M |
| Dimensional Short-Duration Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $8.9M | $8.8M | $0 |
| Victory Pioneer Bond Fund Victory Portfolios IV | 2026-06-30 | $8.2M | $8.8M | -$1.3M |
| BlackRock Systematic Multi-Strategy Fund BlackRock Funds IV | 2026-06-30 | $8.6M | $8.6M | -$2.8M |
| iShares iBonds Dec 2027 Term Corporate ETF iShares Trust | 2026-07-31 | $6.9M | $6.9M | $348K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $6.7M | $6.7M | -$9.6M |
| T. Rowe Price Short-Term Bond Fund, Inc. T. ROWE PRICE SHORT-TERM BOND FUND, INC. | 2026-05-31 | $6.6M | $6.6M | $0 |
| Thompson Bond Fund Thompson IM Funds, Inc. | 2026-05-31 | $5.2M | $5.5M | $20K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $5.4M | $5.3M | -$1.6M |
| DFA Intermediate-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $5.0M | $5.2M | $0 |
| Invesco BulletShares 2027 Corporate Bond ETF Invesco Exchange-Traded Self-Indexed Fund Trust | 2026-05-31 | $5.1M | $5.1M | $83K |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $4.7M | $4.7M | -$2.1M |
| JPMorgan Short Duration Core Plus Fund JPMorgan Trust I | 2026-05-31 | $4.5M | $4.5M | $0 |
| DoubleLine Low Duration Bond Fund DoubleLine Funds Trust | 2026-06-30 | $4.0M | $4.0M | $618K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.8M | $3.7M | $130K |
| iShares iBonds Dec 2029 Term Corporate ETF iShares Trust | 2026-07-31 | $3.8M | $3.7M | $325K |
| PIMCO Sector Fund Series - I PIMCO FUNDS | 2026-06-30 | $3.7M | $3.7M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $3.3M | $3.5M | -$249K |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $3.3M | $3.3M | -$929K |
| NVIT Loomis Short Term Bond Fund Nationwide Variable Insurance Trust | 2026-06-30 | $3.0M | $3.0M | $0 |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $2.6M | $2.8M | $210K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): MOA CORE BOND FUND ($5.3M), Guggenheim Total Return Bond Fund ($4.0M), MOA INTERMEDIATE BOND FUND ($2.3M), DFA Commodity Strategy Portfolio ($1.4M), Guggenheim Core Bond Fund ($1.2M), AST Core Fixed Income Portfolio ($950K), Short Duration Bond Fund ($666K), PD Aggregate Bond Index Portfolio ($130K), MOA BALANCED FUND ($110K), First American Multi-Manager Fixed-Income Fund ($77K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 2 | $42.1M | $42.0M | 0.11% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 5 | $13.0M | $12.6M | 0.01% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 3 | $10.8M | $10.5M | 0.00% |
| DFSD Dimensional Short-Duration Fixed Income ETF | 2026-07-31 | 1 | $8.9M | $8.8M | 0.12% |
| IBDS iShares iBonds Dec 2027 Term Corporate ETF | 2026-07-31 | 2 | $6.9M | $6.9M | 0.18% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $6.7M | $6.7M | 0.01% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 2 | $5.4M | $5.3M | 0.01% |
| BSCR Invesco BulletShares 2027 Corporate Bond ETF | 2026-05-31 | 1 | $5.1M | $5.1M | 0.11% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $4.7M | $4.7M | 0.02% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 5 | $3.8M | $3.7M | 0.02% |
| IBDU iShares iBonds Dec 2029 Term Corporate ETF | 2026-07-31 | 1 | $3.8M | $3.7M | 0.09% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $3.3M | $3.5M | 0.02% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $3.3M | $3.3M | 0.03% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 1 | $2.6M | $2.8M | 0.02% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 2 | $2.6M | $2.6M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 10.41: safer than 83% of companies (81th percentile in Consumer Cyclical). Market-implied, prices to 2026-10-16, balance sheet 2026-08-30.
| Equity value | $24.49B |
| Debt barrier (short-term + ½ long-term debt) | $1.80B |
| Equity volatility (1 year) | 27.7% |
| Asset value / asset volatility (solved) | $26.21B / 25.8% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 82 bp spread prices in about 1.4% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = -0.20 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in DRI's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 147 | $337.3M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,076 | $22.83B | 20 | $161.5M | 20 | $148.2M | 0 |
| 2026-03-31 | 1,015 | $18.02B | 23 | $137.3M | 20 | $153.5M | 0 |
| 2025-12-31 | 989 | $20.10B | 22 | $176.1M | 21 | $182.1M | 0 |
| 2025-09-30 | 974 | $20.24B | 28 | $251.7M | 24 | $246.4M | 0 |
| 2025-06-30 | 1,048 | $23.61B | 27 | $253.5M | 29 | $282.5M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.