FMR LLC Discloses 5.792% Passive Stake in Kenvue Inc.

TL;DR

**FMR LLC just revealed a 5.792% stake in Kenvue, a big institutional vote of confidence!**

AI Summary

FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant passive stake in Kenvue Inc. (KVUE), the consumer health company spun off from Johnson & Johnson. As of December 31, 2023, FMR LLC beneficially owns 110,932,412 shares of Kenvue's common stock, representing 5.792% of the company. This matters because it signals a large, institutional investor's confidence in Kenvue's long-term prospects, potentially providing a vote of confidence for current and prospective shareholders.

Why It Matters

This filing indicates a major institutional investor, FMR LLC, sees value in Kenvue, which can reassure other investors and potentially stabilize the stock price.

Risk Assessment

Risk Level: low — This is a passive filing, indicating a long-term investment rather than an activist position, which generally poses lower risk.

Analyst Insight

A smart investor would view this as a positive signal of institutional confidence in Kenvue's long-term value, potentially reinforcing a 'buy and hold' strategy or prompting further research into the company's fundamentals.

Key Numbers

• 110,932,412 — Shares Beneficially Owned (Total shares of Kenvue common stock owned by FMR LLC and Abigail P. Johnson.)
• 5.792% — Percent of Class (The percentage of Kenvue's common stock owned by FMR LLC and Abigail P. Johnson.)

Key Players & Entities

• FMR LLC (company) — reporting person and parent holding company
• Kenvue Inc. (company) — issuer of the common stock
• Abigail P. Johnson (person) — reporting person, associated with FMR LLC
• 110,932,412 (dollar_amount) — shares beneficially owned by FMR LLC and Abigail P. Johnson
• 5.792% (dollar_amount) — percentage of class owned by FMR LLC and Abigail P. Johnson

Forward-Looking Statements

• Kenvue's stock price may experience increased stability due to institutional backing. (Kenvue Inc.) — medium confidence, target: 6-12 months
• Other institutional investors might view FMR LLC's stake as a positive signal, potentially leading to further institutional investment. (Kenvue Inc.) — medium confidence, target: 3-6 months

FAQ

From the Filing

0000315066-24-001221.txt : 20240209 0000315066-24-001221.hdr.sgml : 20240209 20240209091605 ACCESSION NUMBER: 0000315066-24-001221 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24611741 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: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G 1 filing.txt SCHEDULE 13G Amendment No.0 KENVUE INC COMMON STOCK Cusip #49177J102 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) Cusip #49177J102 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 84,646,788 Item 6: 0 Item 7: 110,932,412 Item 8: 0 Item 9: 110,932,412 Item 11: 5.792% Item 12: HC Cusip #49177J102 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 110,932,412 Item 8: 0 Item 9: 110,932,412 Item 11: 5.792% Item 12: IN Item 1(a). Name of Issuer: KENVUE INC Item 1(b). Address of Issuer's Principal Executive Offices: 199 GRANDVIEW ROAD SKILLMAN, NJ 08558 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 49177J102 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 110,932,412 (b) Percent of Class: 5.792% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 110,932,412 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of KENVUE INC. No one other person's interest in the COMMON STOCK of KENVUE INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my