State Street Discloses Kenvue Stake in SC 13G Filing
Ticker: KVUE · Form: SC 13G · Filed: Jan 30, 2024 · CIK: 1944048
| Field | Detail |
|---|---|
| Company | Kenvue Inc. (KVUE) |
| Form Type | SC 13G |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, SC-13G, passive-investment
TL;DR
**State Street just revealed a stake in Kenvue, signaling institutional interest.**
AI Summary
State Street Corporation, a major financial institution, filed an initial SC 13G on January 30, 2024, disclosing its ownership of Kenvue Inc. common stock as of December 31, 2023. This filing indicates that State Street holds a significant, though passive, stake in Kenvue, which is important for investors as it signals institutional confidence in the consumer health company, potentially influencing stock stability and future investor interest.
Why It Matters
This filing shows a major institutional investor, State Street Corporation, has taken a position in Kenvue, which can be seen as a vote of confidence and may attract other investors.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of passive ownership by a large institution and does not indicate any immediate negative risks.
Analyst Insight
An investor should note that a large institution like State Street has a position in Kenvue, which could be a positive signal, but should still conduct their own due diligence as this is a passive investment disclosure.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Kenvue Inc. (company) — the subject company whose stock is being reported
- 04-2456637 (person) — IRS Identification No. for State Street Corporation
- December 31, 2023 (date) — date of event requiring the filing
- January 30, 2024 (date) — date the SC 13G was filed
FAQ
What type of filing is this and who filed it?
This is an initial SC 13G filing, which was filed by State Street Corporation regarding its ownership of Kenvue Inc. common stock.
What is the CUSIP number for Kenvue Inc. common stock mentioned in the filing?
The CUSIP number for Kenvue Inc. common stock is 49177J102, as stated on the cover page of the filing.
What was the date of the event that triggered this filing?
The date of the event which required this filing was December 31, 2023, as indicated on the cover page.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1 (B), as marked with an 'X' on the cover page.
What is the IRS Identification Number for the reporting person, State Street Corporation?
The IRS Identification Number for State Street Corporation is 04-2456637, as listed on page 2 of 5 of the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 30, 2024 by 04-2456637 regarding Kenvue Inc. (KVUE).