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>PepsiCo recently reported its third-quarter 2025 earnings, focusing on the key challenges and opportunities across its food and beverage businesses.</li><li>Volume pressures were noted in both segments, influenced by strategic shifts like the pivot to smaller pack sizes and changes in promotional strategies.</li><li>This has led to a nuanced impact on volume, with beverages witnessing slight growth when excluding the case pack water divestment, while the foods segment saw adjusted promotional strategies result in better revenue realization despite impacting volumes.</li></ul>

PepsiCo recently reported its third-quarter 2025 earnings, focusing on the key challenges and opportunities across its food and beverage businesses.Volume pressures were noted in both segments, influenced by strategic shifts like the pivot to smaller pack sizes and changes in promotional strategies.This has led to a nuanced impact on volume, with beverages witnessing slight growth when excluding the case pack water divestment, while the foods segment saw adjusted promotional strategies result in better revenue realization despite impacting volumes.

PepsiCo: What Is The Story Behind Its Expansion in Nonsparkling Beverages & Latest International Market Penetration?

<ul><li>PepsiCo is stirring the energy drink market with a $585 million investment to increase its stake in Celsius Holdings to 11%, while also transferring the U.S. and Canadian operations of Rockstar Energy to Celsius.</li><li>This strategic reshuffling, paired with PepsiCo's recent productivity drive and renewed distribution focus, signals a tactical repositioning in a segment long dominated by Red Bull and Monster.</li><li>Celsius will now take the lead in managing PepsiCo's energy drink strategy in North America, overseeing brands like Celsius, Alani Nu, and Rockstar.</li></ul>

PepsiCo is stirring the energy drink market with a $585 million investment to increase its stake in Celsius Holdings to 11%, while also transferring the U.S. and Canadian operations of Rockstar Energy to Celsius.This strategic reshuffling, paired with PepsiCo's recent productivity drive and renewed distribution focus, signals a tactical repositioning in a segment long dominated by Red Bull and Monster.Celsius will now take the lead in managing PepsiCo's energy drink strategy in North America, overseeing brands like Celsius, Alani Nu, and Rockstar.

PepsiCo’s $585 Million Bet And Elliott’s $4 Billion Stake: Is A Reboot Coming?

<ul><li>PepsiCo's recent earnings revealed several key highlights and challenges facing the company.</li><li>The firm is focusing on productivity initiatives and strategically optimizing its asset footprint to mitigate potential impacts from moderated growth in certain segments.</li><li>PepsiCo is undertaking a multi-year horizon strategy in its North American market, integrating its large businesses—Frito-Lay and the North American beverage division—to create efficiencies, reduce costs, and explore growth opportunities.</li></ul>

PepsiCo's recent earnings revealed several key highlights and challenges facing the company.The firm is focusing on productivity initiatives and strategically optimizing its asset footprint to mitigate potential impacts from moderated growth in certain segments.PepsiCo is undertaking a multi-year horizon strategy in its North American market, integrating its large businesses—Frito-Lay and the North American beverage division—to create efficiencies, reduce costs, and explore growth opportunities.

PepsiCo’s Health Kick Pays Off: Can $2B in Permissible Snacks Disrupt the Market?

<ul><li>PepsiCo's recent earnings highlighted several critical elements investors should consider, providing an insightful overview of both the opportunities and challenges facing the company.</li><li>On the positive side, the company's international operations are clearly a growth engine, with markets outside the U.S. continuing to show robust performance.</li><li>The international segment recorded substantial growth in the quarter despite macroeconomic uncertainties in some regions like China and Mexico.</li></ul>

PepsiCo's recent earnings highlighted several critical elements investors should consider, providing an insightful overview of both the opportunities and challenges facing the company.On the positive side, the company's international operations are clearly a growth engine, with markets outside the U.S. continuing to show robust performance.The international segment recorded substantial growth in the quarter despite macroeconomic uncertainties in some regions like China and Mexico.

PepsiCo: Can Its New Innovation-Driven Playbook Rewrite the Rules of Snack & Beverage Success?

<ul><li>PepsiCo, once a formidable rival to Coca-Cola in the global soda market, is now facing one of its most challenging periods in decades.</li><li>Its flagship cola brand recently slipped to the No. 3 position in the U.S., behind Coca-Cola and Dr Pepper, highlighting the severity of the erosion in its core beverage business.</li><li>Ram Krishnan, the CEO of PepsiCo Beverages North America, is spearheading a turnaround mission with aggressive in-store visits, a refreshed marketing strategy, and operational restructuring.</li></ul>

PepsiCo, once a formidable rival to Coca-Cola in the global soda market, is now facing one of its most challenging periods in decades.Its flagship cola brand recently slipped to the No. 3 position in the U.S., behind Coca-Cola and Dr Pepper, highlighting the severity of the erosion in its core beverage business.Ram Krishnan, the CEO of PepsiCo Beverages North America, is spearheading a turnaround mission with aggressive in-store visits, a refreshed marketing strategy, and operational restructuring.

PepsiCo’s Great Beverage Meltdown: Is It Too Late for Its Soda Empire?

United States

PepsiCo, Inc. operates worldwide beverage, snack and food businesses. The Company manufactures or uses contract manufacturers, markets and sells a variety of grain-based snacks, carbonated and non-carbonated beverages and foods in countries throughout the world.

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Pepsico Inc (PEP US)

PepsiCo: What Is The Story Behind Its Expansion in Nonsparkling Beverages & Latest International Market Penetration?

PepsiCo recently reported its third-quarter 2025 earnings, focusing on the key challenges and opportunities across its food and beverage...

Baptista Research

PepsiCo’s $585 Million Bet And Elliott’s $4 Billion Stake: Is A Reboot Coming?

PepsiCo is stirring the energy drink market with a $585 million investment to increase its stake in Celsius Holdings to 11%, while also...

Baptista Research

PepsiCo’s Health Kick Pays Off: Can $2B in Permissible Snacks Disrupt the Market?

PepsiCo's recent earnings revealed several key highlights and challenges facing the company. The firm is focusing on productivity initiatives and...

Baptista Research

PepsiCo: Can Its New Innovation-Driven Playbook Rewrite the Rules of Snack & Beverage Success?

PepsiCo's recent earnings highlighted several critical elements investors should consider, providing an insightful overview of both the...

Baptista Research

PepsiCo’s Great Beverage Meltdown: Is It Too Late for Its Soda Empire?

PepsiCo, once a formidable rival to Coca-Cola in the global soda market, is now facing one of its most challenging periods in decades. Its...

Baptista Research

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