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>General Mills noted a slight improvement in the macro environment, with North America Retail categories experiencing some growth.</li><li>However, this wasn't attributed significantly to a permanent shift in consumer behavior towards more at-home food consumption, but rather a reaction to current economic stresses where at home meals remain a more economical option for consumers than eating out.</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>

General Mills noted a slight improvement in the macro environment, with North America Retail categories experiencing some growth.However, this wasn't attributed significantly to a permanent shift in consumer behavior towards more at-home food consumption, but rather a reaction to current economic stresses where at home meals remain a more economical option for consumers than eating out.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.

General Mills Inc.: A Tale Of Strategic Divestitures & Bolt-On Acquisitions! - Major Drivers

<ul><li>General Mills' latest financial performance and strategic insights offer a holistic view of the company's trajectory and potential investment considerations.</li><li>The discussion pinpointed several areas impacting performance and outlined actions that suggest a forward-looking strategy aimed at sustaining and enhancing the brand's market position.</li><li>Positively, General Mills' leadership displayed a coherent strategy on enhancing product offerings and brand investments, particularly in areas like pet food and cereals, which are significant to their portfolio.</li></ul>

General Mills' latest financial performance and strategic insights offer a holistic view of the company's trajectory and potential investment considerations.The discussion pinpointed several areas impacting performance and outlined actions that suggest a forward-looking strategy aimed at sustaining and enhancing the brand's market position.Positively, General Mills' leadership displayed a coherent strategy on enhancing product offerings and brand investments, particularly in areas like pet food and cereals, which are significant to their portfolio.

General Mills Inc.: Will The Acquisition of Edgard & Cooper To Expand Pet Food Portfolio Up Their Game? - Major Drivers

<ul><li>General Mills reported encouraging third quarter results, especially with the underlying performance improvement in North America retail and the pet segment.</li><li>CEO Jeff Harmening forecasts that the fourth quarter sales would look similar to the third quarter in terms of annual performance.</li><li>However, there is uncertainty due to innumerable external variables that could influence the outcome.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>

General Mills reported encouraging third quarter results, especially with the underlying performance improvement in North America retail and the pet segment.CEO Jeff Harmening forecasts that the fourth quarter sales would look similar to the third quarter in terms of annual performance.However, there is uncertainty due to innumerable external variables that could influence the outcome.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.

General Mills Inc.: Are Its Portfolio Reshaping & Acquisition Strategy Paying Off? - Major Drivers

<ul><li>General Mills, Inc. delivered mixed results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.</li><li>In assessing on-shelf availability, General Mills' management acknowledged the growth challenges foreseen in their initial guidance due to their robust performance the previous year.</li><li>Despite this, General Mills improved its on-shelf availability, with a noticeable reduction in disruption costs.</li></ul>

General Mills, Inc. delivered mixed results in its most recent result, with revenues falling short of Wall Street expectations but above-par earnings.In assessing on-shelf availability, General Mills' management acknowledged the growth challenges foreseen in their initial guidance due to their robust performance the previous year.Despite this, General Mills improved its on-shelf availability, with a noticeable reduction in disruption costs.

General Mills Inc.: Can The Acquisition Of Fera Pets Up Their Pet Supplements Game? - Major Drivers

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

Health Care Select Sector SPDR / Technical Analysis

<ul>
<li>As the saying goes, "sector rotation is the lifeblood of a bull market." That appears to be exactly what is going on as we kick off 2024.</li>
<li>Leadership areas that have significantly outperformed since the October 2023 lows are starting to pull back rather hard -- and on above average volume (XLK, SMH, IGV, ARKK, IPO, BITQ)</li>
<li>Other Sectors are picking up the slack, namely Health Care (XLV), Staples (XLP), Utilities (XLU), Energy (XLE), Financials (XLF), and Real Estate (XLRE). Shift exposure toward value and defensives</li>
</ul>


As the saying goes, "sector rotation is the lifeblood of a bull market." That appears to be exactly what is going on as we kick off 2024.
Leadership areas that have significantly outperformed since the October 2023 lows are starting to pull back rather hard -- and on above average volume (XLK, SMH, IGV, ARKK, IPO, BITQ)
Other Sectors are picking up the slack, namely Health Care (XLV), Staples (XLP), Utilities (XLU), Energy (XLE), Financials (XLF), and Real Estate (XLRE). Shift exposure toward value and defensives


Upgrading Staples and Health Care to Market Weight; Shift to Value; Failed Breakouts for ARKK, IPO

United States

General Mills, Inc. manufactures and markets branded and packaged consumer foods worldwide. The Company also supplies branded and unbranded food products to the foodservice and commercial baking industries.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

General Mills (GIS US)

General Mills Inc.: A Tale Of Strategic Divestitures & Bolt-On Acquisitions! - Major Drivers

General Mills noted a slight improvement in the macro environment, with North America Retail categories experiencing some growth. However, this...

Baptista Research

General Mills Inc.: Will The Acquisition of Edgard & Cooper To Expand Pet Food Portfolio Up Their Game? - Major Drivers

General Mills' latest financial performance and strategic insights offer a holistic view of the company's trajectory and potential investment...

Baptista Research

General Mills Inc.: Are Its Portfolio Reshaping & Acquisition Strategy Paying Off? - Major Drivers

General Mills reported encouraging third quarter results, especially with the underlying performance improvement in North America retail and the...

Baptista Research

General Mills Inc.: Can The Acquisition Of Fera Pets Up Their Pet Supplements Game? - Major Drivers

General Mills, Inc. delivered mixed results in its most recent result, with revenues falling short of Wall Street expectations but above-par...

Baptista Research

Upgrading Staples and Health Care to Market Weight; Shift to Value; Failed Breakouts for ARKK, IPO

Shifting exposure toward value and defensives. Upgrading Consumer Staples $XLP and Health Care $XLV to market weight. $ARKK and $IPO with bearish...

Vermilion Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)