Hedge funds acquire millions of shares in Kenvue Inc., prompting exploration of strategic options.

From Yahoo Finance: 2025-05-18 16:16:00

Hedge fund Third Point acquired 8.9 million shares of Kenvue Inc. worth $213 million, indicating interest in mergers or strategic shifts for shareholder returns. Toms Capital Investment Management also bought 14.4 million shares of KVUE, now its second-largest holding, urging Kenvue to explore strategic options like a potential sale. Kenvue, a consumer health firm spun off from Johnson & Johnson, shows promise with growing divisions and a 63-year dividend growth streak. KVUE pays a quarterly dividend of 0.205 per share with a 3.39% dividend yield. Despite KVUE’s potential growth, some believe other AI stocks offer higher returns with limited downside risk. Check out the report on the cheapest AI stock for potential 100x upside gains.



Read more at Yahoo Finance: Kenvue Inc. (KVUE) Emerges as Hedge Fund Favorite with Fresh Q1 2025 Buys