15 Stocks Targeted By Activist Hedge Funds

9. Kenvue Inc. (NYSE:KVUE)

Company Market Cap as of December 31: $40.93 Billion

Number of Hedge Fund Holders: 46

Kenvue Inc. (NYSE:KVUE) is a consumer health company. Its Self Care segment offers cough, cold and allergy, pain care, digestive health, smoking cessation, eye care, and other products. Its Skin Health and Beauty segment provides face and body care, hair, sun, and other care products. Having underperformed for the better part of 2024, the company was scrutinized by activist hedge fund Starboard Value.

Starboard is reportedly pushing the consumer goods behemoth to examine the pricing of its products and positioning of its brands. Kenvue Inc.’s (NYSE:KVUE) Skin Health & Beauty division, which reported the worst results in the most recent quarter, is another idea that the activist hedge fund is considering as a potential spin-off as one of the ways of unlocking hidden value.

Kenvue Inc. (NYSE:KVUE) has a portfolio of well-known consumer brands and works in the CHPC & Beverages industry in the United States. In 2024, the company reached a major turning point in its corporate history when it successfully separated from Johnson & Johnson. In certain of its product categories, Kenvue has been losing market share.

Analysts point to the Skin Health & Beauty segment as a key factor influencing the performance of the company’s stock, and this trend has been especially apparent there. For Kenvue Inc.’s (NYSE:KVUE) brands in the beauty market, the pressures of competition present constant difficulties.