What will happen to JNJ stock after split?
Although Johnson & Johnson has no upcoming stock split, the company plans to split into two by spinning off its consumer business (Kenvue) in November 2023. When that happens, investors will receive shares of Kenvue in addition to their Johnson & Johnson stock.
What will JNJ shareholders get in the Kenvue spinoff?
What does the J&J split mean for shareholders? If you currently own shares of Johnson & Johnson, when the company splits, you will own shares of both Johnson & Johnson – which will be the new pharmaceutical/medical device business – as well as shares of Kenvue, the new consumer health business.
Should I take the Kenvue stock?
Kenvue (KVUE 3.00%) seems like an incredibly safe stock. It holds the rights to products that you (and probably almost everyone else you know) use on a daily basis. And, unsurprisingly, it's profitable. But if you're vetting an investment for its stability, you should consider a few worse-than-expected scenarios.
Did Johnson and Johnson exchange for Kenvue stock?
J&J accepted roughly 191 million of its shares in the offer in exchange for 1.53 billion Kenvue shares. J&J continues to hold about 180 million shares, a 9.5% stake.
How much is the Kenvue exchange offer?
Johnson & Johnson's $35 billion exchange offer for Kenvue that expired last Friday was substantially oversubscribed.
How many shares of KVUE will JNJ shareholders get?
For each share of Johnson & Johnson common stock that is validly tendered and not validly withdrawn by shareholders and that is accepted by Johnson & Johnson pursuant to the exchange offer, Johnson & Johnson will deliver 8.0324 shares of Kenvue common stock to or at the direction of any such tendering shareholder.
Will JNJ stock go up?
JNJ Stock 12 Months Forecast
Based on 13 Wall Street analysts offering 12 month price targets for Johnson & Johnson in the last 3 months. The average price target is $178.85 with a high forecast of $215.00 and a low forecast of $160.00. The average price target represents a 14.82% change from the last price of $155.76.
Will Kenvue pay dividends?
Kenvue Inc. ( KVUE ) pays dividends to its shareholders. How much is Kenvue Inc.'s dividend? Kenvue Inc.'s ( KVUE ) quarterly dividend per share was $0.20 as of February 28, 2024 .
What is the stock price prediction for Kenvue in 2025?
Stock Prediction 2025. The Kenvue Inc. stock prediction for 2025 is currently $ 19.07, assuming that Kenvue Inc. shares will continue growing at the average yearly rate as they did in the last 10 years. This would represent a -6.55% increase in the KVUE stock price.
What is the intrinsic value of Kenvue?
What is intrinsic value? Kenvue Inc's market capitalization is 39B USD. KVUE stock price is 20.34 USD. KVUE stock price (20.34 USD) is 6% less than its Intrinsic Value (21.7 USD).
Should you buy JNJ stock?
Overall, the performance of JNJ stock with respect to the index has been quite volatile. Returns for the stock were 9% in 2021, 3% in 2022, and -11% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 - indicating that JNJ underperformed the S&P in 2021 and 2023.
Who are the largest shareholders of Kenvue?
Largest shareholders include Johnson & Johnson, Vanguard Group Inc, Fmr Llc, Price T Rowe Associates Inc /md/, BlackRock Inc., State Street Corp, Wellington Management Group Llp, Massachusetts Financial Services Co /ma/, Jpmorgan Chase & Co, and Bank Of America Corp /de/ .
How many brands does Kenvue have?
| Company type | Public |
|---|---|
| Key people | Thibaut Mongon (CEO) Larry Merlo (chairman) |
| Products | Aveeno Band-Aid Benadryl Johnson's Baby Listerine Mylanta Neutrogena Tylenol Visine |
| Revenue | US$15.44 billion (2023) |
| Operating income | US$2.512 billion (2023) |
Where can I buy Kenvue stock?
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Should I buy KVUE stock?
In the current month, KVUE has received 8 Buy Ratings, 5 Hold Ratings, and 0 Sell Ratings. KVUE average Analyst price target in the past 3 months is $22.75.
Why did J&J become Kenvue?
Why is Johnson and Johnson going to split? Johnson and Johnson's split is aimed at refocusing the business and streamlining its operations. By removing the consumer arm, Johnson and Johnson will put more into developing medicines and medical devices, which brought in around $80 billion for the firm combined.
What is the JNJ offer for KVUE?
Per Barron's, J&J offered roughly $107.50 in KVUE stock for $100 in JNJ stock shares as an incentive to J&J shareholders. To take advantage of the approximate 7% discount on KVUE stock, arbitragers had been buying JNJ stock and selling short KVUE.
What is the long-term outlook for Johnson and Johnson?
In December, the company announced its long-term guidance, which projected an annual growth rate between 5% and 7% from 2025 through to 2030.
What is the projection for JNJ stock?
Based on short-term price targets offered by 19 analysts, the average price target for Johnson & Johnson comes to $176.28. The forecasts range from a low of $160.00 to a high of $215.00. The average price target represents an increase of 13.18% from the last closing price of $155.75.
What will JNJ stock be worth in 5 years?
Johnson & Johnson stock price stood at $155.23
According to the latest long-term forecast, Johnson & Johnson price will hit $200 by the end of 2027 and then $250 by the end of 2029. Johnson & Johnson will rise to $300 within the year of 2032.
How often does KVUE pay dividends?
Kenvue has an annual dividend of $0.80 per share, with a forward yield of 3.88%. The dividend is paid every three months and the last ex-dividend date was Feb 13, 2024.
Does anyone pay monthly dividends?
Some will pay annually or semiannually. A small number of dividend stocks pay monthly, though. Monthly dividends can be a big benefit to income-oriented investors, especially those who are in retirement or relying on dividends as an important source of income.
What is the ex-dividend date?
The ex-dividend date or "ex-date" is usually one business day before the record date. Investors who purchase a stock on its ex-dividend date or after will not receive the next dividend payment. Instead, the seller gets the dividend. Investors only get dividends if they buy the stock before the ex-dividend date.
How high will the stock market be by 2025?
The S&P 500 still has 30% upside between now and the end of 2025, according to Capital Economics. "Our end-2025 forecast of 6,500 for the index is premised on its valuation reaching a similar level to its peak during the dot com mania," Capital Economics said.
