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 Capital Markets

Mondelez International / Equity Capital Markets

<ul><li>Mondelez delivered a decent performance in 2021 with persistently solid volume growth and greater contribution from pricing.</li><li>The management continued to successfully execute pricing actions in various markets in light of the present environment.</li><li>The year-to-year investments in working media have grown by double digits for Mondelez in comparison to the previous year.</li></ul>

Mondelez delivered a decent performance in 2021 with persistently solid volume growth and greater contribution from pricing.The management continued to successfully execute pricing actions in various markets in light of the present environment.The year-to-year investments in working media have grown by double digits for Mondelez in comparison to the previous year.

Mondelez International Inc.: Financial & Price Forecasts

Value Investing

Vladimir Dimitrov, CFA

Equity Bottom-Up

Mondelez International / Equity Bottom-Up

<ul><li>Mondelez is facing unprecedented increases in nearly all major basic materials used, and yet the company continues to outperform its peers.</li><li>A strong and focused brand portfolio allows the company to further improve efficiency and thus improve return on capital.</li><li>Capital allocation at the company is characterized with a strong long-term focus and discipline which bodes well for long-term investors.</li></ul>

Mondelez is facing unprecedented increases in nearly all major basic materials used, and yet the company continues to outperform its peers.A strong and focused brand portfolio allows the company to further improve efficiency and thus improve return on capital.Capital allocation at the company is characterized with a strong long-term focus and discipline which bodes well for long-term investors.

<ul><li>Mondelez delivered a decent quarterly result with a 7.8% revenue growth driven by a broad-based performance across developed and emerging markets during the quarter.</li><li>It is also looking to improve productivity at reduced overheads in order to maintain its margins in the current inflationary environment.</li><li>The company’s emerging markets business has been getting a major boost (a 12.2% jump in the last quarter alone) especially in markets like Brazil, Mexico, China, Russia, and India.</li></ul>

Mondelez delivered a decent quarterly result with a 7.8% revenue growth driven by a broad-based performance across developed and emerging markets during the quarter.It is also looking to improve productivity at reduced overheads in order to maintain its margins in the current inflationary environment.The company’s emerging markets business has been getting a major boost (a 12.2% jump in the last quarter alone) especially in markets like Brazil, Mexico, China, Russia, and India.

Mondelez International Inc. - Investment Thesis

<ul><li>Mondelez delivered yet another all-around beat as it benefitted heavily from the persistent snacking trend across the globe despite the resumption of foodservice.</li><li>The positive snacking trends are here to stay and Mondelez is only going to benefit from them in the long run as it has exposure to most snacking categories.</li><li>Its recent acquisitions of Hu and Grenade ensure its positioning in the healthy snacks and the protein-based snacks categories.</li></ul>

Mondelez delivered yet another all-around beat as it benefitted heavily from the persistent snacking trend across the globe despite the resumption of foodservice.The positive snacking trends are here to stay and Mondelez is only going to benefit from them in the long run as it has exposure to most snacking categories.Its recent acquisitions of Hu and Grenade ensure its positioning in the healthy snacks and the protein-based snacks categories.

<ul>
<li>Mondelez performance over the past year has been largely overshadowed by the pandemic lockdowns and losses in out of home channels.</li>
<li>However, the company is now even better positioned to solidify its positioning in the snacking segment and increase profitability.</li>
<li>The potential of expansion into key adjacent product categories is often neglected, but holds a significant opportunity for future margins.</li>
</ul>


Mondelez performance over the past year has been largely overshadowed by the pandemic lockdowns and losses in out of home channels.
However, the company is now even better positioned to solidify its positioning in the snacking segment and increase profitability.
The potential of expansion into key adjacent product categories is often neglected, but holds a significant opportunity for future margins.


Mondelez: Margin Opportunity Hiding In Plain Sight

United States

Mondelez International Inc. is a food and beverage company.  The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products.  Mondelez International sells its products throughout the world.

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Mondelez International (MDLZ US)

Mondelez International Inc.: Financial & Price Forecasts

Mondelez delivered a decent performance in 2021 with persistently solid volume growth and greater contribution from pricing. The management...

Baptista Research

Mondelez: The True Power Of Brands

Mondelez is facing unprecedented increases in nearly all major basic materials used, and yet the company continues to outperform its peers. A...

Vladimir Dimitrov, CFA

Mondelez International Inc. - Investment Thesis

Mondelez delivered a decent quarterly result with a 7.8% revenue growth driven by a broad-based performance across developed and emerging markets...

Baptista Research

Mondelez International Inc. - Investment Thesis

Mondelez delivered yet another all-around beat as it benefitted heavily from the persistent snacking trend across the globe despite the resumption...

Baptista Research

Mondelez: Margin Opportunity Hiding In Plain Sight

Mondelez performance over the past year has been largely overshadowed by the pandemic lockdowns and losses in out of home channels. However, the...

Vladimir Dimitrov, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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