SCHEDULE: FMR LLC Reports 8.2% Stake in Kenvue Inc.

FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, reporting beneficial ownership of 157,051,418.71 shares of Kenvue Inc. common stock, representing 8.2% of the class.

Summary

• FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, indicating their beneficial ownership of Kenvue Inc. common stock.
• The filing reports a total of 157,051,418.71 shares beneficially owned, representing 8.2% 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 specifies that FMR LLC has sole dispositive power over 157,051,418.71 shares and shared voting power of 0.00 shares.
• Abigail P. Johnson has sole dispositive power over 157,051,418.71 shares and shared voting power of 0.00 shares.
• The filing notes that one or more other persons have the right to receive or direct dividends/proceeds from the sale of these shares, but no single other person's interest exceeds five percent.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports on beneficial ownership changes and does not contain operational or financial performance updates.

Positives

• FMR LLC and Abigail P. Johnson maintain a significant stake in Kenvue Inc., indicating continued investment interest.
• The filing clarifies the beneficial ownership structure, providing transparency to the market.

Negatives

• The filing does not provide any operational or financial performance data for Kenvue Inc.

Risks

• The filing does not explicitly mention any risks associated with Kenvue Inc. or the reporting persons' holdings.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

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 Schedule 13G filings are common for large institutional investors and investment advisors reporting significant beneficial ownership stakes. This filing indicates FMR LLC's continued substantial investment in Kenvue Inc., a player in the consumer health sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant beneficial owner, potentially influencing market perception and trading activity.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to report any material changes in their beneficial ownership of Kenvue Inc. common stock as required by SEC regulations.

Key Dates

Keywords

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