HomeMarket NewsFacelift in The Works? Possible Activist Shake-Up Looms for Kenvue

Facelift in The Works? Possible Activist Shake-Up Looms for Kenvue

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Johnson & Johnson offices in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

Recent activities suggest that Kenvue (NYSE:KVUE), the health company spun off from Johnson & Johnson (JNJ), may be in the crosshairs of an activist investor following a recent 13-F filing.

According to Gordon Haskettโ€™s Don Bilson, Morgan Stanley made a bold move in the Q3 with the purchase of 21.6 million shares, valued at nearly $1 billion. This stake purchase could potentially trigger a shake-up, considering Morgan Stanleyโ€™s prime brokerage often facilitating activist swap positions.

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