SCHEDULE: Kenvue Ownership Update: MFS Reports 4.8% Stake

Massachusetts Financial Services Company disclosed a 4.8% beneficial ownership stake in Kenvue Inc. common stock as of June 30, 2025.

Summary

• Massachusetts Financial Services Company (MFS) reported beneficial ownership of 91,215,312 shares of Kenvue Inc. common stock.
• This ownership represents 4.8% of Kenvue Inc.'s outstanding common stock.
• MFS holds sole voting power over 85,259,913 shares and sole dispositive power over 91,215,312 shares.
• The filing is an Amendment No. 1 to a previous Schedule 13G statement.
• MFS, classified as an investment adviser, certified that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Kenvue Inc.

Sentiment

Score: 7

Explanation: The filing indicates a substantial, continued investment by a reputable institutional adviser, which generally reflects a positive view on the issuer's value, even if the percentage is below the 5% threshold for initial reporting.

Positives

• A significant holding by a major institutional investment adviser like Massachusetts Financial Services Company can signal confidence in Kenvue Inc.'s long-term prospects.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the continued significant holding by Massachusetts Financial Services Company as a positive indicator of institutional confidence in Kenvue Inc.

Key Dates

Keywords

Kenvue, Massachusetts Financial Services Company, MFS, beneficial ownership, common stock, SEC filing, Schedule 13G, institutional investor, consumer health