SCHEDULE: FMR LLC Discloses 7% Stake in Kenvue Inc.

FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, reporting beneficial ownership of 7.0% of Kenvue Inc.'s common stock as of March 31, 2026.

Summary

• FMR LLC and Abigail P. Johnson have reported their beneficial ownership of Kenvue Inc. common stock.
• As of March 31, 2026, the total number of shares beneficially owned is 135,093,093.24.
• This represents 7.0% of the class of securities.
• FMR LLC is classified as a holding company (HC), and Abigail P. Johnson is classified as an investment advisor (IA).
• The filing indicates that while FMR LLC has sole voting power over 91,924,519.62 shares, the aggregate beneficial ownership is 135,093,093.24 shares with sole dispositive power.
• Several subsidiaries of FMR LLC, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as investment advisors (IA) or banks (BK) that beneficially own these shares.
• Abigail P. Johnson is the Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC's voting shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership and does not provide new operational or financial information about Kenvue Inc.

Positives

• FMR LLC and Abigail P. Johnson have disclosed a significant beneficial ownership stake of 7.0% in Kenvue Inc., providing transparency to the market.
• The filing confirms substantial investment by entities associated with FMR LLC, indicating confidence in Kenvue Inc.'s value or potential.

Negatives

• No specific negative financial or operational information is presented in this Schedule 13G filing, as it primarily concerns ownership disclosure.

Risks

• The filing does not explicitly mention any risks associated with Kenvue Inc. itself, as it is a disclosure of beneficial ownership.
• Potential future changes in ownership by FMR LLC or other large shareholders could impact Kenvue Inc.'s stock price and corporate strategy.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Kenvue Inc.'s future performance.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that large institutional ownership disclosures like this Schedule 13G filing from FMR LLC are common in the healthcare and consumer staples sectors, indicating significant investor interest and potential influence on corporate governance and strategy.

Comparison to Industry Standards

• As a Schedule 13G filing, this report adheres to SEC regulations for significant beneficial ownership disclosures. The 7.0% stake reported by FMR LLC is a substantial holding, typical for major investment firms in publicly traded companies within the consumer health sector.
• Competitors in the consumer health space, such as Procter & Gamble, Johnson & Johnson (prior to its spin-off), and Colgate-Palmolive, often see similar levels of ownership from large asset managers like BlackRock, Vanguard, and State Street, as well as specialized investment firms.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant ownership can influence investor confidence and market perception.
• Management of Kenvue Inc.: The substantial stake held by FMR LLC may lead to engagement on corporate strategy and governance matters.
• Competitors: Awareness of significant institutional holdings can inform competitive analysis and strategic planning.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their beneficial ownership stake in Kenvue Inc.
• Future filings will be made if there are material changes in ownership.

Key Dates

Keywords

Kenvue Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Investment Advisor, Holding Company, SEC Filing, Securities Exchange Act