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>McDonald's Corporation has announced its third-quarter 2025 results, presenting a complex outlook characterized by a blend of growth and caution.</li><li>The key highlight from the reported period is the company's ability to achieve a 3.6% increase in global comparable sales, marking another quarter of consistent growth across all segments.</li><li>System-wide sales grew by over 6% in constant currency, underscoring the positive impact of new unit openings and affirming the effectiveness of the company's Accelerating the Arches strategy.</li></ul>

McDonald's Corporation has announced its third-quarter 2025 results, presenting a complex outlook characterized by a blend of growth and caution.The key highlight from the reported period is the company's ability to achieve a 3.6% increase in global comparable sales, marking another quarter of consistent growth across all segments.System-wide sales grew by over 6% in constant currency, underscoring the positive impact of new unit openings and affirming the effectiveness of the company's Accelerating the Arches strategy.

McDonald’s Corporation: A Value-Led Traffic Recovery Supported by Focused Marketing

<ul><li>In the second quarter of 2025, McDonald's Corporation demonstrated a strategic approach to navigating a challenging economic landscape, showing both strengths and areas for potential improvement.</li><li>The company's global system-wide sales rose over 6% in constant currency, and global comparable sales increased nearly 4%.</li><li>This performance was supported by menu innovations, effective marketing, and robust value offerings, which together fostered positive guest counts in a tough market environment.</li></ul>

In the second quarter of 2025, McDonald's Corporation demonstrated a strategic approach to navigating a challenging economic landscape, showing both strengths and areas for potential improvement.The company's global system-wide sales rose over 6% in constant currency, and global comparable sales increased nearly 4%.This performance was supported by menu innovations, effective marketing, and robust value offerings, which together fostered positive guest counts in a tough market environment.

McDonald's Corporation: Can They Create New Beverage Growth Opportunities While Expanding Franchisees?

<ul><li>McDonald's Corporation's latest financial report, reflective of Q1 2025, highlights a period of considerable economic challenges impacting the quick service restaurant (QSR) industry.</li><li>The company's global comparable sales declined by 1%, illustrating the broader difficulties faced amid geopolitical tensions and economic uncertainties.</li><li>Particularly in the U.S., overall QSR industry traffic from low- and middle-income consumer cohorts saw significant declines, indicative of the broader economic pressures facing these groups.</li></ul>

McDonald's Corporation's latest financial report, reflective of Q1 2025, highlights a period of considerable economic challenges impacting the quick service restaurant (QSR) industry.The company's global comparable sales declined by 1%, illustrating the broader difficulties faced amid geopolitical tensions and economic uncertainties.Particularly in the U.S., overall QSR industry traffic from low- and middle-income consumer cohorts saw significant declines, indicative of the broader economic pressures facing these groups.

McDonald's Corporation: A 3.6% Dip In Comp Sales; These Factors Can Help The QSR Giant Fight Back The Economic Challenges!

<ul><li>McDonald's faced a challenging end to 2024, as its U.S. sales and earnings declined, largely due to an E.</li><li>coli outbreak tied to slivered onions on Quarter Pounders.</li><li>This food safety crisis affected 104 people across 14 states, leading to 34 hospitalizations and one fatality.</li></ul>

McDonald's faced a challenging end to 2024, as its U.S. sales and earnings declined, largely due to an E.coli outbreak tied to slivered onions on Quarter Pounders.This food safety crisis affected 104 people across 14 states, leading to 34 hospitalizations and one fatality.

McDonald's: $100 Million Recovery Plan & 2,200 New Stores – Can It Bounce Back?

Asian Hedge Fund Manager, Long Short Equity, Macro

David Mudd

Cross Asset Strategy

<ul>
<li>The US market is weakening again as an interday reversal after Nvidia results foreshadows continued selling in the AI theme.  Market breadth is weakening and stocks at 52-week lows surging.</li>
<li>Volatility has reached levels last seen during the tariff tantrum in April. Insider sales of Nvidia have surged since June. Private credit and private equity markets are showing stress.</li>
<li>US consumption has narrowed and is highly dependent on stock market gains. Household debt levels are at new highs, and consumer sentiment is lower than during the GFC in 2008/09.</li>
</ul>


The US market is weakening again as an interday reversal after Nvidia results foreshadows continued selling in the AI theme.  Market breadth is weakening and stocks at 52-week lows surging.
Volatility has reached levels last seen during the tariff tantrum in April. Insider sales of Nvidia have surged since June. Private credit and private equity markets are showing stress.
US consumption has narrowed and is highly dependent on stock market gains. Household debt levels are at new highs, and consumer sentiment is lower than during the GFC in 2008/09.


US Market: WALK TO THE EXIT NOW BEFORE EVERYONE STARTS RUNNING!

United States

McDonald's Corporation franchises and operates fast-food restaurants in the global restaurant industry. The Company's restaurants serve a variety of value-priced menu products in countries around the world.

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

Mcdonald's Corp (MCD US)

McDonald’s Corporation: A Value-Led Traffic Recovery Supported by Focused Marketing

McDonald's Corporation has announced its third-quarter 2025 results, presenting a complex outlook characterized by a blend of growth and...

Baptista Research

McDonald's Corporation: Can They Create New Beverage Growth Opportunities While Expanding Franchisees?

In the second quarter of 2025, McDonald's Corporation demonstrated a strategic approach to navigating a challenging economic landscape, showing...

Baptista Research

McDonald's Corporation: A 3.6% Dip In Comp Sales; These Factors Can Help The QSR Giant Fight Back The Economic Challenges!

McDonald's Corporation's latest financial report, reflective of Q1 2025, highlights a period of considerable economic challenges impacting the...

Baptista Research

McDonald's: $100 Million Recovery Plan & 2,200 New Stores – Can It Bounce Back?

McDonald's faced a challenging end to 2024, as its U.S. sales and earnings declined, largely due to an E. coli outbreak tied to slivered onions on...

Baptista Research

US Market: WALK TO THE EXIT NOW BEFORE EVERYONE STARTS RUNNING!

The US market is weakening again as an interday reversal after Nvidia results foreshadows continued selling in the AI theme. Market breadth is...

David Mudd

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)