Commerce Bank holds a $3.69 million position in
Kenvue Inc. The company's third-quarter earnings have surpassed estimates despite sales slip and expanding margins amid volume pressure. Several other firms have also adjusted their holdings in Kenvue, including
Mizuho Securities USA,
Intech Investment Management, and
Nuance Investments who've all trimmed their stakes. Notably, Kenvue's skin health sales have negatively impacted earnings again. Alternatively, various companies have increased their possession of shares, with
Thrivent Financial for Lutherans notably purchasing 759,799 shares. Despite underwhelming earnings, hope for Kenvue's future still exists. An increase in Kenvue's quarterly cash dividend has been declared. Despite market pressure, the firm's stock displays rising price performance and increased relative strength. Activist investor
Starboard has taken a stake in the company, calling for performance improvements, particularly in the skin health division. A number of financial groups have increased their stakes in the firm, suggesting confidence in their long-term prospects. Finally, Kenvue is making strides in implementing corporate climate action strategies.
Kenvue KVUE News Analytics from Thu, 25 Jul 2024 07:00:00 GMT to Sat, 23 Nov 2024 12:43:07 GMT -
Rating 4
- Innovation 5
- Information 8
- Rumor -3
