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>Despite a macroeconomic environment that remained difficult in the third quarter, Coca-Cola managed to deliver yet another all-around beat.</li><li>Utilizing their customer-centric marketing strategy, they are rapidly connecting consumption occasions with passion points through digital engagement.</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>

Despite a macroeconomic environment that remained difficult in the third quarter, Coca-Cola managed to deliver yet another all-around beat.Utilizing their customer-centric marketing strategy, they are rapidly connecting consumption occasions with passion points through digital engagement.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.

<ul><li>Coca-Cola has been implementing various growth initiatives off-late to continue expanding its top-line.</li><li>The company had a good quarter and delivered an all-around beat and increased its volume and value share during the quarter.</li><li>Coca-Cola continued its strong marketing efforts and launched end-to-end digital-first brand campaigns for smartwater and vitaminwater.</li></ul>

Coca-Cola has been implementing various growth initiatives off-late to continue expanding its top-line.The company had a good quarter and delivered an all-around beat and increased its volume and value share during the quarter.Coca-Cola continued its strong marketing efforts and launched end-to-end digital-first brand campaigns for smartwater and vitaminwater.

Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Event-Driven

<ul>
<li>There are quite a few changes for stocks across the <a href="https://www.smartkarma.com/entities/s-p-500" target="_blank" data-smartkarma-citation="entities:22886:1" rel="noopener">S&amp;P 500 (SPX INDEX)</a>, MidCap 400 Index and SmallCap 600 Index that will result in a one-way trade of US$30bn.</li>
<li>There are adds/deletes that have over 5 days of ADV to trade from passive funds, plus many stocks that have over +/-1 day of ADV from other changes.</li>
<li>The largest impact of passive buying will be on <a href="https://www.smartkarma.com/entities/keurig-dr-pepper-inc" target="_blank" data-smartkarma-citation="entities:15411:1" rel="noopener">Keurig Dr Pepper Inc (KDP US)</a>, <a href="https://www.smartkarma.com/entities/on-semiconductor-corp" target="_blank" data-smartkarma-citation="entities:2729:1" rel="noopener">On Semiconductor (ON US)</a> and <a href="https://www.smartkarma.com/entities/vici-properties-inc" target="_blank" data-smartkarma-citation="entities:28786:1" rel="noopener">VICI Properties Inc (VICI US)</a>. </li>
</ul>


There are quite a few changes for stocks across the S&amp;P 500 (SPX INDEX), MidCap 400 Index and SmallCap 600 Index that will result in a one-way trade of US$30bn.
There are adds/deletes that have over 5 days of ADV to trade from passive funds, plus many stocks that have over +/-1 day of ADV from other changes.
The largest impact of passive buying will be on Keurig Dr Pepper Inc (KDP US), On Semiconductor (ON US) and VICI Properties Inc (VICI US). 


S&P500 Index Rebalance: One-Way Trade of US$30bn

Equity Capital Markets

<ul><li>Coca-Cola drove strong results in 2021 and gave a promising start to the current year.</li><li>Coke has continued working with its bottling partners to strengthen distribution and expanding package offerings to capture growth opportunities.</li><li>Overall, being optimistic about the growth of the company, we provide the stock a ‘Hold’ rating with a revision in target price.</li></ul>

Coca-Cola drove strong results in 2021 and gave a promising start to the current year.Coke has continued working with its bottling partners to strengthen distribution and expanding package offerings to capture growth opportunities.Overall, being optimistic about the growth of the company, we provide the stock a ‘Hold’ rating with a revision in target price.

Coca-Cola Co: Financial & Price Forecasts

Credit

<ul><li>Coca-Cola had a fairly positive 2021 despite the impact of the Omicron variant in many of its key markets.</li><li>Coca-Cola has improved or maintained its score in CDP's assessments in other important areas, such as climate and forests.</li><li>Based on our credit analysis, the company merits a Credit Evaluation Score of A with a stable outlook and as per our Financial Strength Indicator, its performance is 3.97/ 5.</li></ul>

Coca-Cola had a fairly positive 2021 despite the impact of the Omicron variant in many of its key markets.Coca-Cola has improved or maintained its score in CDP's assessments in other important areas, such as climate and forests.Based on our credit analysis, the company merits a Credit Evaluation Score of A with a stable outlook and as per our Financial Strength Indicator, its performance is 3.97/ 5.

The Coca-Cola Company: Detailed Credit Analysis & Financial Strength Evaluation Report

United States

The Coca-Cola Company manufactures, markets, and distributes soft drink concentrates and syrups.  The Company also distributes and markets juice and juice-drink products.  Coca-Cola distributes its products to retailers and wholesalers in the United States and internationally.

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Coca Cola Co (KO US)

The Coca-Cola Co: Major Drivers

Despite a macroeconomic environment that remained difficult in the third quarter, Coca-Cola managed to deliver yet another all-around...

Baptista Research

The Coca-Cola Co: The Jack & Coke Launch

Coca-Cola has been implementing various growth initiatives off-late to continue expanding its top-line. The company had a good quarter and...

Baptista Research

S&P500 Index Rebalance: One-Way Trade of US$30bn

There are 3 changes for the S&P500, plus more changes for the MidCap and SmallCap indices. We estimate a one-way trade of US$30bn across the...

Brian Freitas

Coca-Cola Co: Financial & Price Forecasts

Coca-Cola drove strong results in 2021 and gave a promising start to the current year. Coke has continued working with its bottling partners to...

Baptista Research

The Coca-Cola Company: Detailed Credit Analysis & Financial Strength Evaluation Report

Coca-Cola had a fairly positive 2021 despite the impact of the Omicron variant in many of its key markets. Coca-Cola has improved or maintained...

Baptista Research

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