BlackRock Discloses Passive Stake in Kenvue Inc. (KVUE)

TL;DR

**BlackRock just confirmed a big, passive stake in Kenvue, signaling institutional confidence.**

AI Summary

BlackRock Inc., a massive investment firm, filed an SC 13G on January 31, 2024, disclosing its ownership of Kenvue Inc. common stock as of December 31, 2023. This filing indicates that BlackRock holds a significant, but passive, stake in Kenvue, the consumer health company behind brands like Tylenol and Band-Aid. For Kenvue shareholders, this means a major institutional investor sees value in the company, potentially signaling stability and long-term confidence, as BlackRock typically invests for the long haul.

Why It Matters

BlackRock's substantial, passive investment in Kenvue suggests institutional confidence, which can reassure current and potential investors about the company's stability and future prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk for the underlying stock.

Analyst Insight

Investors should note BlackRock's passive stake as a sign of institutional validation for Kenvue, but recognize it doesn't imply active management changes or immediate catalysts. It's a data point for long-term confidence rather than short-term trading.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• Kenvue Inc. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 31, 2024 (date) — the filing date of the SC 13G

FAQ

From the Filing

0001086364-24-005998.txt : 20240131 0001086364-24-005998.hdr.sgml : 20240131 20240131140827 ACCESSION NUMBER: 0001086364-24-005998 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Kenvue Inc. CENTRAL INDEX KEY: 0001944048 STANDARD INDUSTRIAL CLASSIFICATION: PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 881032011 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-94297 FILM NUMBER: 24582165 BUSINESS ADDRESS: STREET 1: 199 GRANDVIEW ROAD CITY: SKILLMAN STATE: NJ ZIP: 08558 BUSINESS PHONE: 908-874-1200 MAIL ADDRESS: STREET 1: 199 GRANDVIEW ROAD CITY: SKILLMAN STATE: NJ ZIP: 08558 FORMER COMPANY: FORMER CONFORMED NAME: JNTL, Inc. DATE OF NAME CHANGE: 20220825 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us49177j1025_013124.txt us49177j1025_013124.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) Kenvue Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 49177J102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 49177J102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 97247654 (6) Shared voting power 0 (7) Sole dispositive power 105648002 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 105648002 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 5.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Kenvue Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 199 GRANDVIEW ROAD SKILLMAN NJ 08558 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office