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>The most recent earnings of PepsiCo reveals a rather balanced performance from the company.</li><li>Although some challenges were highlighted, including a Quaker supply chain disruption that affected the company in November and December 2023, and could still impact for at least the first half of 2024, their growth trajectory remains positive.</li><li>PepsiCo reported that in the last three years they have seen double-digit growth in top-line business consistently, registering a compound annual growth rate (CAGR) of 11%.</li></ul>

The most recent earnings of PepsiCo reveals a rather balanced performance from the company.Although some challenges were highlighted, including a Quaker supply chain disruption that affected the company in November and December 2023, and could still impact for at least the first half of 2024, their growth trajectory remains positive.PepsiCo reported that in the last three years they have seen double-digit growth in top-line business consistently, registering a compound annual growth rate (CAGR) of 11%.

PepsiCo Inc.: A Robust Commercial Plan for Frito & 5 Major Factors Driving Growth In 2024! - Financial Forecasts

<ul><li>PepsiCo Inc. delivered a solid result and managed an all-around beat in the last quarter.</li><li>Their strategic focus revolves around two key variables: enhancing consumer interaction with their brands, primarily measured through units or specific purchasing acts, and optimizing the overall business margin.</li><li>Alongside these strategies, PepsiCo is managing commodity inflation with its forward purchasing practices in line with historical standards.</li></ul>

PepsiCo Inc. delivered a solid result and managed an all-around beat in the last quarter.Their strategic focus revolves around two key variables: enhancing consumer interaction with their brands, primarily measured through units or specific purchasing acts, and optimizing the overall business margin.Alongside these strategies, PepsiCo is managing commodity inflation with its forward purchasing practices in line with historical standards.

PepsiCo Inc.: The Strategies Why The Company Is Secretly Winning! - Major Drivers

<ul><li>PepsiCo delivered an all-around beat in the previous quarter.</li><li>The labor market is generally improving, which has improved how PepsiCo conducts its business.</li><li>Another good news for the company was that PBNA's margins decreased in the second quarter.</li></ul>

PepsiCo delivered an all-around beat in the previous quarter.The labor market is generally improving, which has improved how PepsiCo conducts its business.Another good news for the company was that PBNA's margins decreased in the second quarter.

PepsiCo Inc.: Can The Product Price Increase Be A Deterrent For Consumers? - Key Drivers

Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>Keurig Dr Pepper share price has been under pressure over the recent months due to higher than expected drop in profitability.</li>
<li>Beverage segments, however, continue to perform well and would most likely offset weaknesses in coffee.</li>
<li>Investors should not expect a quick rebound in the company's free cash flow.</li>
</ul>


Keurig Dr Pepper share price has been under pressure over the recent months due to higher than expected drop in profitability.
Beverage segments, however, continue to perform well and would most likely offset weaknesses in coffee.
Investors should not expect a quick rebound in the company's free cash flow.


Keurig Dr Pepper: The Recent Share Price Drop Might Not Last For Long

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>Last week we discussed potential for a 2-5% rally to the 1.5-month downtrend on SPX, or even the 4165-4200 range, which would set up an opportunity to get more defensive.</li>
<li>As long as the S&amp;P 500 is below Wednesdays high of 4040 we continue to believe the bears are in control -- stay defensive.</li>
<li>Even if there is a reversal, we still expect 4165-4200 on SPX to cap upside for 2023. We highlight many buy opportunities within Consumer Staples</li>
</ul>


Last week we discussed potential for a 2-5% rally to the 1.5-month downtrend on SPX, or even the 4165-4200 range, which would set up an opportunity to get more defensive.
As long as the S&amp;P 500 is below Wednesdays high of 4040 we continue to believe the bears are in control -- stay defensive.
Even if there is a reversal, we still expect 4165-4200 on SPX to cap upside for 2023. We highlight many buy opportunities within Consumer Staples


S&P 500, Nasdaq 100, DJIA All Testing Resistance; Downgrading Financials to Underweight; Buy Staples

United States

PepsiCo, Inc. operates worldwide beverage, snack and food businesses. The Company manufactures or uses contract manufacturers, markets and sells a variety of grain-based snacks, carbonated and non-carbonated beverages and foods in countries throughout the world.

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Pepsico Inc (PEP US)

PepsiCo Inc.: A Robust Commercial Plan for Frito & 5 Major Factors Driving Growth In 2024! - Financial Forecasts

The most recent earnings of PepsiCo reveals a rather balanced performance from the company. Although some challenges were highlighted, including a...

Baptista Research

PepsiCo Inc.: The Strategies Why The Company Is Secretly Winning! - Major Drivers

PepsiCo Inc. delivered a solid result and managed an all-around beat in the last quarter. Their strategic focus revolves around two key variables:...

Baptista Research

PepsiCo Inc.: Can The Product Price Increase Be A Deterrent For Consumers? - Key Drivers

PepsiCo delivered an all-around beat in the previous quarter. The labor market is generally improving, which has improved how PepsiCo conducts its...

Baptista Research

S&P 500, Nasdaq 100, DJIA All Testing Resistance; Downgrading Financials to Underweight; Buy Staples

Last week (3/21) we discussed the potential for a 2-5% rally to the 1.5-month downtrend on the $SPX, or even the 4165-4200 range, which we noted...

Vermilion Research

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