Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Hormel Foods Corporation, a multinational manufacturer of food and meat products, delivered solid performance in the first half of the year, with consecutive quarters of better-than-expected earnings, a major improvement in operating cash flows, and strength in the food services segment.</li><li>The company has seen a recovery in its international business, achieved stability in overall volumes, and made progress on its strategic initiatives aimed at propelling long-term growth and shareholder returns.</li><li>The corporation, best known for its SPAM, Hormel, and Black Label foods, is on track to meet its three-year improvement targets.</li></ul>

Hormel Foods Corporation, a multinational manufacturer of food and meat products, delivered solid performance in the first half of the year, with consecutive quarters of better-than-expected earnings, a major improvement in operating cash flows, and strength in the food services segment.The company has seen a recovery in its international business, achieved stability in overall volumes, and made progress on its strategic initiatives aimed at propelling long-term growth and shareholder returns.The corporation, best known for its SPAM, Hormel, and Black Label foods, is on track to meet its three-year improvement targets.

Hormel Foods Corporation: Growth In Foodservice & International Performance Warrants A Bullish Rating? - Major Drivers

<ul><li>Hormel Foods Corporation has shown a strong start for the first quarter of 2024 with better-than expected performance across all its segments, showcasing the comprehensive execution of its strategic priorities and improvements in its supply chain.</li><li>The top-line saw a 1% growth, bolstered by a 4% increase in volumes with foodservice pacing ahead significantly.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

Hormel Foods Corporation has shown a strong start for the first quarter of 2024 with better-than expected performance across all its segments, showcasing the comprehensive execution of its strategic priorities and improvements in its supply chain.The top-line saw a 1% growth, bolstered by a 4% increase in volumes with foodservice pacing ahead significantly.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

Hormel Foods Corporation: Will Their  Reinvestment Of Cash Flows Into Branding & Innovation Catalyze Growth? - Key Drivers

<ul><li>Hormel Foods Corporation delivered a disappointing set of results as the company was unable to meet Wall Street's revenue and earnings expectations.</li><li>Despite challenges in fiscal 2023, the company achieved $3.2 billion in net sales for the fourth quarter.</li><li>The management expects net earnings growth in food service and international segments, counterbalanced by challenges in the retail segment, particularly in the whole turkey market.</li></ul>

Hormel Foods Corporation delivered a disappointing set of results as the company was unable to meet Wall Street's revenue and earnings expectations.Despite challenges in fiscal 2023, the company achieved $3.2 billion in net sales for the fourth quarter.The management expects net earnings growth in food service and international segments, counterbalanced by challenges in the retail segment, particularly in the whole turkey market.

Hormel Foods Corporation: Hidden Strategies Fueling Their Global Expansion! - Major Drivers

<ul><li>Hormel Foods Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Additionally, Hormel Foods recently introduced an LTO for the fall season: apple cider donut-flavored cashews, which the team anticipates will increase category volume and attention.</li><li>Hormel Foods noticed a recovery across the turkey portfolio in its Retail segment and increased volume in important categories.</li></ul>

Hormel Foods Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the earnings expectations of Wall Street.Additionally, Hormel Foods recently introduced an LTO for the fall season: apple cider donut-flavored cashews, which the team anticipates will increase category volume and attention.Hormel Foods noticed a recovery across the turkey portfolio in its Retail segment and increased volume in important categories.

Hormel Foods Corporation: Unveiling the Powerhouses Behind Their Volume Boost! - Major Drivers

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Equity Capital Markets

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<a href="https://www.smartkarma.com/entities/byd-co-ltd-h" target="_blank" data-smartkarma-citation="entities:20962:1" rel="noopener">BYD (1211 HK)</a> shares had a breakout relative to the MSCI China index and showing good momentum during the low volume days of summer.  
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<a href="https://www.smartkarma.com/entities/power-assets-holdings-ltd" target="_blank" data-smartkarma-citation="entities:788:1" rel="noopener">POWER ASSETS HOLDINGS (6 HK)</a> has shown a breakout relative to MSCI Hong Kong with a defensive business and 5%+ dividend yield. 
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<a href="https://www.smartkarma.com/entities/wh-group-ltd" target="_blank" data-smartkarma-citation="entities:13200:1" rel="noopener">WH GROUP (288 HK)</a> has also shown a breakout relative to the MSCI Hong Kong after its announcement of the spinoff of Smithfield Foods in the US. 
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</ul>



BYD (1211 HK) shares had a breakout relative to the MSCI China index and showing good momentum during the low volume days of summer.  


POWER ASSETS HOLDINGS (6 HK) has shown a breakout relative to MSCI Hong Kong with a defensive business and 5%+ dividend yield. 


WH GROUP (288 HK) has also shown a breakout relative to the MSCI Hong Kong after its announcement of the spinoff of Smithfield Foods in the US. 



Technically Speaking, Breakouts and Breakdowns: HONG KONG (July 24)

United States

Hormel Foods Corporation manufactures and markets consumer-branded meat and food products.  The Company processes meat and poultry products and produces a variety of prepared foods.  Hormel markets its products around the world under a variety of branded names.

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Hormel Foods (HRL US)

Hormel Foods Corporation: Growth In Foodservice & International Performance Warrants A Bullish Rating? - Major Drivers

Hormel Foods Corporation, a multinational manufacturer of food and meat products, delivered solid performance in the first half of the year, with...

Baptista Research

Hormel Foods Corporation: Will Their Reinvestment Of Cash Flows Into Branding & Innovation Catalyze Growth? - Key Drivers

Hormel Foods Corporation has shown a strong start for the first quarter of 2024 with better-than expected performance across all its segments,...

Baptista Research

Hormel Foods Corporation: Hidden Strategies Fueling Their Global Expansion! - Major Drivers

Hormel Foods Corporation delivered a disappointing set of results as the company was unable to meet Wall Street's revenue and earnings...

Baptista Research

Hormel Foods Corporation: Unveiling the Powerhouses Behind Their Volume Boost! - Major Drivers

Hormel Foods Corporation delivered a disappointing set of results as the company was unable to meet the revenue expectations as well as the...

Baptista Research

Technically Speaking, Breakouts and Breakdowns: HONG KONG (July 24)

BYD Company, Power Assets and WH Group all experienced breakouts during the week. WH Group announced a spin off of its Smithfield Foods business...

David Mudd

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