Kenvue Inc. Poised for Growth Amid Global Economic Trends, Says Ariel Focus Fund

Last updated: December 12, 2023

Ariel Investments’ “Ariel Focus Fund” recently spotlighted Kenvue Inc. (NYSE:KVUE), a consumer health company, as a promising investment. Despite a challenging third quarter in 2023, where the fund fell by 5.87%, Ariel Focus Fund remains optimistic about Kenvue’s potential.

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Kenvue, based in Skillman, New Jersey, saw its stock close at $20.61 per share on December 8, 2023. The business’s one-month return was 7.91%, and its shares gained 6.62% over the last three months. With a market capitalization of $39.466 billion, Kenvue is a significant player in the consumer health sector.

Ariel Focus Fund expressed its confidence in Kenvue, stating, “We view Kenvue as a beneficiary of current demographic and global economic trends, as demand for and spend on healthcare generally increases as populations age and disposable incomes rise.”

The fund expects Kenvue’s future earnings growth to be driven by innovation, robust cash flows, and increasing global demand for healthcare.

However, Kenvue is not among the 30 Most Popular Stocks Among Hedge Funds. Our database shows that 84 hedge fund portfolios held Kenvue at the end of the third quarter, up from 31 in the previous quarter.

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