Independent research on the U.S. markets, Baptista Research

Baptista Research

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.

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>Keurig Dr Pepper’s first quarter reflected a business balancing solid beverage momentum, coffee-related cost pressure, and a major corporate transformation following the closing of the JDE Peet’s acquisition.</li><li>Net sales grew 8.1%, driven by 5.5 percentage points of net price realization and 2.6 points of volume and mix, while EPS declined 7.1% to $0.39 due to higher costs, tariff impacts, and the comparison against a prior-year gain from the sale of the Vita Coco stake.</li><li>Management reaffirmed its 2026 outlook for low double-digit constant currency EPS growth, supported by expected improvement from the second quarter onward and stronger acceleration in the second half.</li></ul>

Keurig Dr Pepper’s first quarter reflected a business balancing solid beverage momentum, coffee-related cost pressure, and a major corporate transformation following the closing of the JDE Peet’s acquisition.Net sales grew 8.1%, driven by 5.5 percentage points of net price realization and 2.6 points of volume and mix, while EPS declined 7.1% to $0.39 due to higher costs, tariff impacts, and the comparison against a prior-year gain from the sale of the Vita Coco stake.Management reaffirmed its 2026 outlook for low double-digit constant currency EPS growth, supported by expected improvement from the second quarter onward and stronger acceleration in the second half.

Keurig Dr Pepper: 8.1% Sales Growth Cannot Mask A 7.1% EPS Decline And Coffee Squeeze!