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>McCormick had a disappointing quarterly result as it failed to meet Wall Street expectations despite the fact that its revenues showed both volume and pricing growth.</li><li>The growth of the company in flavor solutions was decent but supply chain and high-cost inflation are continuing challenges for the company.</li><li>In EMEA, McCormick continues to have a robust share performance in most markets and categories.</li></ul>

McCormick had a disappointing quarterly result as it failed to meet Wall Street expectations despite the fact that its revenues showed both volume and pricing growth.The growth of the company in flavor solutions was decent but supply chain and high-cost inflation are continuing challenges for the company.In EMEA, McCormick continues to have a robust share performance in most markets and categories.

Equity Capital Markets

McCormick & Company / Equity Capital Markets

<ul><li>McCormick has been a wonderful defensive consumer stock for many years.</li><li>The company delivered a decent year-to-date financial performance as a result of the successful execution of the management's strategies and the company is on track for a fairly good 2022.</li><li>McCormick’s consumer segment sales continued to reflect the sustained shift to higher at-home consumption than pre-pandemic levels, despite being at a year-ago high.</li></ul>

McCormick has been a wonderful defensive consumer stock for many years.The company delivered a decent year-to-date financial performance as a result of the successful execution of the management's strategies and the company is on track for a fairly good 2022.McCormick’s consumer segment sales continued to reflect the sustained shift to higher at-home consumption than pre-pandemic levels, despite being at a year-ago high.

McCormick & Co: Financial & Price Forecasts

Credit

<ul><li>McCormick has had a decent year-to-date financial performance as a result of the successful execution of the management's strategies and the company is on track for a fairly good 2022.</li><li>McCormick’s consumer segment sales continued to reflect the sustained shift to higher at-home consumption than pre-pandemic levels, despite being at a year-ago high.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

McCormick has had a decent year-to-date financial performance as a result of the successful execution of the management's strategies and the company is on track for a fairly good 2022.McCormick’s consumer segment sales continued to reflect the sustained shift to higher at-home consumption than pre-pandemic levels, despite being at a year-ago high.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

McCormick & Co: Detailed Credit Analysis & Financial Strength Evaluation Report

<ul><li>McCormick has evolved to become a leading producer and distributor of spices, seasoning mixes, hot sauces, condiments and other flavored products.</li><li>Despite the food industry suffering from heavy inflationary pressures, McCormick was able to expand its adjusted operating income by 9% which is a very positive sign.</li><li>Despite fairly strong comps from 2020, the fact that the company has been able to deliver a positive growth is a positive sign.</li></ul>

McCormick has evolved to become a leading producer and distributor of spices, seasoning mixes, hot sauces, condiments and other flavored products.Despite the food industry suffering from heavy inflationary pressures, McCormick was able to expand its adjusted operating income by 9% which is a very positive sign.Despite fairly strong comps from 2020, the fact that the company has been able to deliver a positive growth is a positive sign.

McCormick & Company Incorporated - Investment Thesis

<ul><li>With the ongoing bull market, one of the most common trends is the investor community exiting defensive stocks and going in for high-growth plays which is why companies like McCormick have suffered.</li><li>Its strong pricing power and its performance in high-growth markets like China have been major growth drivers.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

With the ongoing bull market, one of the most common trends is the investor community exiting defensive stocks and going in for high-growth plays which is why companies like McCormick have suffered.Its strong pricing power and its performance in high-growth markets like China have been major growth drivers.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

McCormick & Company Inc. - Investment Thesis

United States

McCormick & Company, Inc. manufactures, markets, and distributes flavor products (including spices, herbs, extracts, seasonings and flavorings) and other specialty food products to the food industry. The Company sells to retail stores, food manufacturers, and food service businesses.

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McCormick & Company (MKC US)

McCormick & Company: Growth Story

McCormick had a disappointing quarterly result as it failed to meet Wall Street expectations despite the fact that its revenues showed both volume...

Baptista Research

McCormick & Co: Financial & Price Forecasts

McCormick has been a wonderful defensive consumer stock for many years. The company delivered a decent year-to-date financial performance as a...

Baptista Research

McCormick & Co: Detailed Credit Analysis & Financial Strength Evaluation Report

McCormick has had a decent year-to-date financial performance as a result of the successful execution of the management's strategies and the...

Baptista Research

McCormick & Company Incorporated - Investment Thesis

McCormick has evolved to become a leading producer and distributor of spices, seasoning mixes, hot sauces, condiments and other flavored...

Baptista Research

McCormick & Company Inc. - Investment Thesis

With the ongoing bull market, one of the most common trends is the investor community exiting defensive stocks and going in for high-growth plays...

Baptista Research

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