Reported 2 days ago
Kenvue Inc. (KVUE) has caught the attention of hedge funds, with Third Point acquiring 8.9 million shares worth over $213 million and Toms Capital purchasing 14.4 million shares for $345.6 million in Q1 2025. As Kenvue continues to thrive post-spin-off from Johnson & Johnson, it has become Toms Capital's second-largest holding, prompting suggestions for strategic options including a potential sale. With a solid track record of dividend growth and promising divisions in Skin Health and Beauty, Kenvue is positioned for growth despite competition from other sectors.
Source: YAHOO