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>Monster delivered a mixed set of results with record third-quarter net sales of $1.62 billion which was below analyst expectations.</li><li>Their cost of sales increased significantly during Q3 of 2022 compared to the third quarter of 2021, primarily because of higher costs for ingredients and other inputs, such as secondary packaging materials and co-packing fees, higher logistical costs, higher aluminum can cost, and mix of geographic and product sales.</li><li>Monster’s strength remains its wide distribution versus smaller peers that helped the company create a strong demand for its energy drinks even in lull periods.</li></ul>

Monster delivered a mixed set of results with record third-quarter net sales of $1.62 billion which was below analyst expectations.Their cost of sales increased significantly during Q3 of 2022 compared to the third quarter of 2021, primarily because of higher costs for ingredients and other inputs, such as secondary packaging materials and co-packing fees, higher logistical costs, higher aluminum can cost, and mix of geographic and product sales.Monster’s strength remains its wide distribution versus smaller peers that helped the company create a strong demand for its energy drinks even in lull periods.

<ul><li>Monster Beverages continues to witness a rise in the demand for its energy drinks and this helped the company surpass Wall Street expectations in terms of revenues.</li><li>In the quarter, Monster experienced a significant rise in the cost of sales that resulted in a material reduction in gross profit.</li><li>Among major updates, Monster Beverage has recently released its foremost malt beverage, alcoholic flavored under the Monster brand.</li></ul>

Monster Beverages continues to witness a rise in the demand for its energy drinks and this helped the company surpass Wall Street expectations in terms of revenues.In the quarter, Monster experienced a significant rise in the cost of sales that resulted in a material reduction in gross profit.Among major updates, Monster Beverage has recently released its foremost malt beverage, alcoholic flavored under the Monster brand.

Monster Beverages: New Product Launches & Other Drivers

Equity Capital Markets

Monster Beverage / Equity Capital Markets

<ul><li>Monster Beverages has managed to fight off the pandemic-induced headwinds associated with supply chain issues and inflation and managed to deliver good results.</li><li>Various sponsorship activities were canceled in the previous year because of the pandemic which also affected their marketing strategy.</li><li>We have a positive outlook for Monster for 2022 and give its stock a 'Hold' rating with a revised target price.</li></ul>

Monster Beverages has managed to fight off the pandemic-induced headwinds associated with supply chain issues and inflation and managed to deliver good results.Various sponsorship activities were canceled in the previous year because of the pandemic which also affected their marketing strategy.We have a positive outlook for Monster for 2022 and give its stock a 'Hold' rating with a revised target price.

Monster Beverages: Financial & Price Forecasts

<ul><li>Monster Beverage generated record third-quarter net revenues and its stock price has been witnessing a strong upward momentum.</li><li>All of which resulted in higher sales expenses and higher operational costs resulting in lower margins for the company.</li><li>We give the stock a 'Hold' rating with a revised target price.</li></ul>

Monster Beverage generated record third-quarter net revenues and its stock price has been witnessing a strong upward momentum.All of which resulted in higher sales expenses and higher operational costs resulting in lower margins for the company.We give the stock a 'Hold' rating with a revised target price.

Monster Beverage Corp - Investment Thesis

<ul><li>Monster Beverage Corp continued its journey on the path to post-Covid recovery and achieved a record second-quarter net sales.</li><li>While the company’s net sales rose by a staggering 34% to $1.46 billion, inflationary pressures did play spoiltsport on the company’s gross margins which fell to 57.2% from 60.3% in the second quarter of last year.</li><li>We give Monster Beverage a ‘Hold’ rating with a revised target price.</li></ul>

Monster Beverage Corp continued its journey on the path to post-Covid recovery and achieved a record second-quarter net sales.While the company’s net sales rose by a staggering 34% to $1.46 billion, inflationary pressures did play spoiltsport on the company’s gross margins which fell to 57.2% from 60.3% in the second quarter of last year.We give Monster Beverage a ‘Hold’ rating with a revised target price.

United States

Monster Beverage Corporation is a holding company based in Corona, California. The Company, through its consolidated subsidiaries, markets and distributes energy drinks worldwide.

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Monster Beverage (MNST US)

Monster Beverages: Major Drivers

Monster delivered a mixed set of results with record third-quarter net sales of $1.62 billion which was below analyst expectations. Their cost of...

Baptista Research

Monster Beverages: New Product Launches & Other Drivers

Monster Beverages continues to witness a rise in the demand for its energy drinks and this helped the company surpass Wall Street expectations in...

Baptista Research

Monster Beverages: Financial & Price Forecasts

Monster Beverages has managed to fight off the pandemic-induced headwinds associated with supply chain issues and inflation and managed to deliver...

Baptista Research

Monster Beverage Corp - Investment Thesis

Monster Beverage generated record third-quarter net revenues and its stock price has been witnessing a strong upward momentum. All of which...

Baptista Research

Monster Beverage Corp - Investment Thesis

Monster Beverage Corp continued its journey on the path to post-Covid recovery and achieved a record second-quarter net sales. While the company’s...

Baptista Research

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