Simpatico

M&A bolt-on · Pepsi → target #1 of 10

Bai

A premium, functional hydration brand positioned as a tasty, better-for-you alternative to sugary sodas and plain water.

Founded 2009 · Parent: Keurig Dr Pepper Inc. · Competes with Vitaminwater, Hint, LaCroix, Spindrift

Corporate details are Qloo entity data.

Watch
65.2F / 100
90% of the weighted evidence measured

Why this verdict

F 65.2 is between 62 and 67, no red flags.

Scores, flags and verdicts are computed in code. The agents can only argue with the ledger; they never set the score.

Six audience metrics

Bar = this target; tick = shortlist average.

m1 Two-way audience affinity
0.78
Harmonic mean of the buyer audience’s affinity for the target and the target audience’s affinity for the buyer’s brands.
m2 Taste-profile overlap
0.26
Rank-weighted overlap of the two audiences’ top-50 cultural taste tags.
m3 Cross-domain agreement
0.83
How strongly the target’s audience embraces the buyer audience’s favourite artists, shows, films and podcasts.
m4 Demographic alignment
0.72
Similarity of the two audiences’ age and gender over-index profiles.
m5 Geographic footprint
0.68
Correlation of metro-level audience affinity, relative to the screened cohort.
m6 Momentum not measured
n/a
Trending rank change over the last 4 weeks vs the 8 before, relative to the cohort.
Qloo's trending series did not move for this brand or the cohort in the 12 weeks to 2026-10-23, so momentum is not measurable for this window.

How F is built

Points each metric adds (weights for M&A bolt-on, renormalised over what Qloo could measure).

MetricWeightPoints
Two-way audience affinity0.3026.0
Taste-profile overlap0.205.9
Cross-domain agreement0.1513.8
Demographic alignment0.1512.1
Geographic footprint0.107.5
Momentumnot measured–
F65.2

Qloo explainability: the buyer-side signals driving the forward affinity are Gatorade (0.27), Doritos (0.25), Pepsi (0.25), Quaker Oats Company (0.23).

Shared catalogue categories (Qloo compare): Food & Beverage, Drinks.

Where the audiences meet, across culture

The buyer audience’s top titles in each domain, ranked by how strongly Bai’s audience embraces them.

Music0.80
Embraced: Prince Royce, Yandel, HA-ASH · Least shared: Arcangel, Alejandro Sanz, Juanes
TV0.90
Embraced: Blown Away, Old Enough!, Lego Masters Australia · Least shared: Saved by the Bell, The Next Step, Doogie Kamealoha, M.D.
Film0.81
Embraced: Jumanji: Welcome to the Jungle, Toy Story 4, Ralph Breaks the Internet · Least shared: Fast & Furious Presents: Hobbs & Shaw, Ant-Man and the Wasp, Thor: Ragnarok
Podcasts0.81
Embraced: The Chalene Show | Diet, Fitness & Life Balance, Trust and Believe with Shaun T, Motivation with Brendon Burchard · Least shared: First Take, Talk Is Jericho, The Steve Austin Show

Taste profile overlap

23 of 77 top taste tags shared.

Both over-index on
friendshipfemale protagonistteenage girlfriendrockindieteenagergay
Buyer only

Pulpo A La Brasa, Seared Diver Scallops, Mole, male protagonist, Fiction

Bai only

Margherita Flatbread, Food, Tourist attraction, new york city, best friend

Audience shape

Pepsi (buyer) Bai
-0.77-0.390.00+0.39+0.77≤2425–2930–3435–4445–5455+MenWomen

Relative over-index (+) or under-index (−) of each aggregate audience, from Qloo. Not individual data.

Momentum

Qloo's trending series did not move for this brand or the cohort in the 12 weeks to 2026-10-23, so momentum is not measurable for this window.

Footprint overlap for distribution

White space: Bai strong, buyer weak Shared stronghold Other metros
White space

Milwaukee, Omaha, Salt Lake City, Minneapolis, Kansas City

Shared strongholds

Philadelphia, Chicago, New York, Atlanta, Pittsburgh, Dallas

Bull vs bear

No debate on this run.

IC memo

Number check passed: 11 number(s), all in the evidence ledger.Written from the ledger template

Bai: WATCH

M&A bolt-on screen for Pepsi. Ranked #1 of 10 on composite audience fit. Composite fit F 65.2. Rule: F 65.2 is between 62 and 67, no red flags.

MetricValueCoverage
Two-way audience affinity0.78full
Taste-profile overlap0.26full
Cross-domain agreement0.83full
Demographic alignment0.72full
Geographic footprint0.68full
Momentumn/anot measured

Shared taste. Both audiences over-index on: friendship, female protagonist, teenage girl, friend, rock. Across culture. The buyer audience's favourites this audience embraces most. Music: Prince Royce, Yandel; TV: Blown Away, Old Enough!; Film: Jumanji: Welcome to the Jungle, Toy Story 4; Podcasts: The Chalene Show | Diet, Fitness & Life Balance, Trust and Believe with Shaun T. Footprint white space. Metros where the target's audience over-indexes and the buyer's doesn't: Milwaukee, Omaha, Salt Lake City, Minneapolis, Kansas City.

Red flags. None raised by the code rules.

Aggregate audience affinities from Qloo, not predictions about individuals. Not investment advice.

Provenance: 31 Qloo calls behind this target

Requests as sent (the API key travels in a header and is never logged). Responses are cached privately on the server.

PurposeEndpointStatusResultSource
/v2/insightsok29 of 29 candidates scoredcache
/v2/insightsok29 profile(s)cache
/v2/insightsok50 taste tag(s)cache
/v2/insightsok25 recommended tv_show(s)cache
/v2/insightsok25 recommended artist(s)cache
/v2/insightsok25 recommended podcast(s)cache
/v2/insightsok25 recommended movie(s)cache
/v2/insightsokdemographics for 14 of 14 entitiescache
/v2/insightsok7265 heatmap cell(s) in United Statescache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/trendingok26 trend point(s)cache
/v2/insightsok4 of 4 candidates scoredcache
/v2/insightsok50 taste tag(s)cache
/v2/insightsok25 of 25 candidates scoredcache
/v2/insightsok25 of 25 candidates scoredcache
/v2/insightsok25 of 25 candidates scoredcache
/v2/insightsok25 of 25 candidates scoredcache
/v2/analysis/compareok2 shared catalogue tag(s)cache
/v2/insightsok4518 heatmap cell(s) in United Statescache
Evidence rows (what bull, bear and the judge see)
[
 {
  "id": "t2-flags",
  "label": "Red flags (code rules)",
  "data": {
   "flags": []
  },
  "shortlistAverages": {}
 },
 {
  "id": "t2-m1",
  "label": "m1 Two-way audience affinity",
  "data": {
   "a": 0.8002843643929224,
   "b": 0.7610196054985147,
   "ratio": 0.9509364912755817,
   "value": 0.7801582562033446,
   "reverse": [
    {
     "id": "18316CE7-595D-4469-8FDF-43D1B70021E4",
     "name": "Gatorade",
     "affinity": 0.8133833161859666
    },
    {
     "id": "EA3901B0-A3A5-43F5-AC2A-45C35C400926",
     "name": "Doritos",
     "affinity": 0.7677077234768827
    },
    {
     "id": "957B527A-CF2C-4283-A2FD-3F49741DF5DE",
     "name": "Pepsi",
     "affinity": 0.7552466045847942
    },
    {
     "id": "099E174E-1FEC-4AD9-80F2-92C2E6CBD6ED",
     "name": "Quaker Oats Company",
     "affinity": 0.707740777746415
    }
   ],
   "coverage": 1
  },
  "shortlistAverages": {
   "a": 0.6954073847687763,
   "b": 0.6694354298272059,
   "ratio": 0.9634521435376324,
   "value": 0.6821611379345072
  }
 },
 {
  "id": "t2-m2",
  "label": "m2 Taste-profile overlap",
  "data": {
   "value": 0.26362735381565916,
   "shared": [
    {
     "id": "urn:tag:keyword:media:friendship",
     "name": "friendship",
     "subtype": "urn:tag:keyword:media"
    },
    {
     "id": "urn:tag:keyword:media:female_protagonist",
     "name": "female protagonist",
     "subtype": "urn:tag:keyword:media"
    },
    {
     "id": "urn:tag:keyword:media:teenage_girl",
     "name": "teenage girl",
     "subtype": "urn:tag:keyword:media"
    },
    {
     "id": "urn:tag:keyword:media:friend",
     "name": "friend",
     "subtype": "urn:tag:keyword:media"
    },
    {
     "id": "urn:tag:genre:music:rock",
     "name": "rock",
     "subtype": "urn:tag:genre:music"
    },
    {
     "id": "urn:tag:genre:music:indie",
     "name": "indie",
     "subtype": "urn:tag:genre:music"
    },
    {
     "id": "urn:tag:keyword:media:teenager",
     "name": "teenager",
     "subtype": "urn:tag:keyword:media"
    },
    {
     "id": "urn:tag:keyword:media:gay",
     "name": "gay",
     "subtype": "urn:tag:keyword:media"
    }
   ],
   "coverage": 1,
   "buyerOnly": [
    {
     "id": "urn:tag:specialty_dish:place:pulpo_a_la_brasa",
     "name": "Pulpo A La Brasa",
     "subtype": "urn:tag:specialty_dish:place"
    },
    {
     "id": "urn:tag:specialty_dish:place:seared_diver_scallops",
     "name": "Seared Diver Scallops",
     "subtype": "urn:tag:specialty_dish:place"
    },
    {
     "id": "urn:tag:specialty_dish:place:mole",
     "name": "Mole",
     "subtype": "urn:tag:specialty_dish:place"
    },
    {
     "id": "urn:tag:keyword:media:male_protagonist",
     "name": "male protagonist",
     "subtype": "urn:tag:keyword:media"
    },
    {
     "id": "urn:tag:genre:media:fiction",
     "name": "Fiction",
     "subtype": "urn:tag:genre:media"
    }
   ],
   "targetOnly": [
    {
     "id": "urn:tag:specialty_dish:place:margherita_flatbread",
     "name": "Margherita Flatbread",
     "subtype": "urn:tag:specialty_dish:place"
    },
    {
     "id": "urn:tag:genre:media:food",
     "name": "Food",
     "subtype": "urn:tag:genre:media"
    },
    {
     "id": "urn:tag:genre:place:tourist_attraction",
     "name": "Tourist attraction",
     "subtype": "urn:tag:genre:place"
    },
    {
     "id": "urn:tag:keyword:media:new_york_city",
     "name": "new york city",
     "subtype": "urn:tag:keyword:media"
    },
    {
     "id": "urn:tag:keyword:media:best_friend",
     "name": "best friend",
     "subtype": "urn:tag:keyword:media"
    }
   ],
   "unionCount": 77,
   "sharedCount": 23,
   "buyerTop20MissingShare": 0.3
  },
  "shortlistAverages": {
   "value": 0.22491966033658706,
   "sharedCount": 20.11111111111111,
   "buyerTop20MissingShare": 0.41666666666666674
  }
 },
 {
  "id": "t2-m3",
  "label": "m3 Cross-domain agreement",
  "data": {
   "value": 0.8271035756317702,
   "domains": [
    {
     "type": "urn:entity:artist",
     "clash": [
      {
       "name": "Arcangel",
       "affinity": 0.7721440414316788
      },
      {
       "name": "Alejandro Sanz",
       "affinity": 0.7724853337566248
      },
      {
       "name": "Juanes",
       "affinity": 0.773793758238705
      }
     ],
     "label": "Music",
     "score": 0.795852602662883,
     "shared": [
      {
       "name": "Prince Royce",
       "affinity": 0.8258948540858461
      },
      {
       "name": "Yandel",
       "affinity": 0.8129042234173542
      },
      {
       "name": "HA-ASH",
       "affinity": 0.8112607137066633
      }
     ],
     "expected": 25,
     "returned": 25
    },
    {
     "type": "urn:entity:tv_show",
     "clash": [
      {
       "name": "Saved by the Bell",
       "affinity": 0.8648119764580767
      },
      {
       "name": "The Next Step",
       "affinity": 0.8701674380999959
      },
      {
       "name": "Doogie Kamealoha, M.D.",
       "affinity": 0.8716072224016918
      }
     ],
     "label": "TV",
     "score": 0.8957407817568622,
     "shared": [
      {
       "name": "Blown Away",
       "affinity": 0.9483594710791264
      },
      {
       "name": "Old Enough!",
       "affinity": 0.9370530102195808
      },
      {
       "name": "Lego Masters Australia",
       "affinity": 0.9242706197045052
      }
     ],
     "expected": 25,
     "returned": 25
    },
    {
     "type": "urn:entity:movie",
     "clash": [
      {
       "name": "Fast & Furious Presents: Hobbs & Shaw",
       "affinity": 0.7830124041780014
      },
      {
       "name": "Ant-Man and the Wasp",
       "affinity": 0.7901014558070145
      },
      {
       "name": "Thor: Ragnarok",
       "affinity": 0.7915177382545463
      }
     ],
     "label": "Film",
     "score": 0.8096581741856417,
     "shared": [
      {
       "name": "Jumanji: Welcome to the Jungle",
       "affinity": 0.844177318200232
      },
      {
       "name": "Toy Story 4",
       "affinity": 0.8415235526120206
      },
      {
       "name": "Ralph Breaks the Internet",
       "affinity": 0.8397057347984701
      }
     ],
     "expected": 25,
     "returned": 25
    },
    {
     "type": "urn:entity:podcast",
     "clash": [
      {
       "name": "First Take",
       "affinity": 0.6903401398078906
      },
      {
       "name": "Talk Is Jericho",
       "affinity": 0.7138857026544565
      },
      {
       "name": "The Steve Austin Show",
       "affinity": 0.7161695352337429
      }
     ],
     "label": "Podcasts",
     "score": 0.8071627439216938,
     "shared": [
      {
       "name": "The Chalene Show | Diet, Fitness & Life Balance",
       "affinity": 0.9010282589780139
      },
      {
       "name": "Trust and Believe with Shaun T",
       "affinity": 0.8946013561703162
      },
      {
       "name": "Motivation with Brendon Burchard",
       "affinity": 0.8802636583385075
      }
     ],
     "expected": 25,
     "returned": 25
    }
   ],
   "coverage": 1
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  "shortlistAverages": {
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   "domains[0].score": 0.7712218159459897,
   "domains[1].score": 0.8930482681153483,
   "domains[2].score": 0.7853466318542113,
   "domains[3].score": 0.8072635467173033
  }
 },
 {
  "id": "t2-m4",
  "label": "m4 Demographic alignment",
  "data": {
   "buyer": {
    "male": 0.11749999999999998,
    "female": -0.11749999999999998,
    "25_to_29": 0.29000000000000004,
    "30_to_34": -0.0675,
    "35_to_44": -0.22000000000000003,
    "45_to_54": -0.475,
    "55_and_older": -0.3825,
    "24_and_younger": 0.19999999999999998
   },
   "value": 0.7247642564077506,
   "cosine": 0.4495285128155012,
   "target": {
    "male": -0.18,
    "female": 0.18,
    "25_to_29": 0.03,
    "30_to_34": -0.77,
    "35_to_44": 0.5,
    "45_to_54": -0.6900000000000001,
    "55_and_older": -0.59,
    "24_and_younger": -0.06
   },
   "coverage": 1,
   "biggestGap": {
    "buyer": -0.22000000000000003,
    "bucket": "35_to_44",
    "target": 0.5
   }
  },
  "shortlistAverages": {
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   "cosine": 0.07904761167166277
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 },
 {
  "id": "t2-m5",
  "label": "m5 Geographic footprint",
  "data": {
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   "coverage": 1,
   "metroCount": 55,
   "whiteSpace": [
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     "lon": -87.9065,
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     "target": 0.8928958251079041,
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     "targetRel": 0.037422352128908765
    },
    {
     "lat": 41.2565,
     "lon": -95.9345,
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     "metro": "Omaha",
     "target": 0.8343934594697799,
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     "targetRel": 0.029665490125047267
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    {
     "lat": 40.7608,
     "lon": -111.891,
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     "metro": "Salt Lake City",
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     "targetRel": 0.028260146828706922
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    {
     "lat": 44.9778,
     "lon": -93.265,
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     "metro": "Minneapolis",
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     "targetRel": 0.013467024302209696
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    {
     "lat": 39.0997,
     "lon": -94.5786,
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     "metro": "Kansas City",
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     "targetRel": 0.012013920664396882
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   ],
   "correlation": 0.3538930967263633,
   "strongholds": [
    {
     "lat": 39.9526,
     "lon": -75.1652,
     "buyer": 0.8644685263094293,
     "metro": "Philadelphia",
     "target": 0.9404313630938836,
     "buyerRel": -0.04068836026085332,
     "targetRel": 0.03527447652360105
    },
    {
     "lat": 41.8781,
     "lon": -87.6298,
     "buyer": 0.8855551382941532,
     "metro": "Chicago",
     "target": 0.9283533013282289,
     "buyerRel": -0.026696112527015314,
     "targetRel": 0.016102050507060373
    },
    {
     "lat": 40.7128,
     "lon": -74.006,
     "buyer": 0.9035914207294288,
     "metro": "New York",
     "target": 0.9386252356517871,
     "buyerRel": -0.023147707001359596,
     "targetRel": 0.011886107920998756
    },
    {
     "lat": 33.749,
     "lon": -84.388,
     "buyer": 0.8428861612056047,
     "metro": "Atlanta",
     "target": 0.9075348054831663,
     "buyerRel": -0.03814398747748737,
     "targetRel": 0.0265046568000743
    },
    {
     "lat": 40.4406,
     "lon": -79.9959,
     "buyer": 0.8027934510153324,
     "metro": "Pittsburgh",
     "target": 0.8858552189804314,
     "buyerRel": -0.062171694509449926,
     "targetRel": 0.020890073455649083
    },
    {
     "lat": 32.7767,
     "lon": -96.797,
     "buyer": 0.848947725266995,
     "metro": "Dallas",
     "target": 0.9140255127494282,
     "buyerRel": -0.05476054268841146,
     "targetRel": 0.01031724479402174
    }
   ],
   "whiteSpaceCount": 5,
   "relativeToCohort": true
  },
  "shortlistAverages": {
   "value": 0.3788101542840746,
   "correlation": -0.2423796914318507
  }
 },
 {
  "id": "t2-m6",
  "label": "m6 Momentum",
  "data": {
   "z": null,
   "note": "Qloo's trending series did not move for this brand or the cohort in the 12 weeks to 2026-10-23, so momentum is not measurable for this window.",
   "value": null,
   "priorSd": null,
   "coverage": 0,
   "priorMean": null,
   "normalised": true,
   "recentMean": null
  },
  "shortlistAverages": {}
 },
 {
  "id": "t2-profile",
  "label": "Qloo entity profile: Bai",
  "data": {
   "name": "Bai",
   "drivers": [
    {
     "name": "Gatorade",
     "score": 0.26720182709785467
    },
    {
     "name": "Doritos",
     "score": 0.25219709122144984
    },
    {
     "name": "Pepsi",
     "score": 0.24810353081838848
    },
    {
     "name": "Quaker Oats Company",
     "score": 0.23249755086230706
    }
   ],
   "ownership": "part_of_other",
   "keyMarkets": [
    "United States"
   ],
   "popularity": 0.8384414571714329,
   "screenRank": 2,
   "foundedYear": 2009,
   "priceRangeUsd": [
    2,
    25
   ],
   "ultimateParent": "Keurig Dr Pepper Inc.",
   "forwardAffinity": 0.8002843643929224,
   "competitorBrands": [
    "Vitaminwater",
    "Hint",
    "LaCroix",
    "Spindrift",
    "Propel"
   ],
   "sharedCategories": [
    {
     "name": "Food & Beverage",
     "score": 0.7305072539555804
    },
    {
     "name": "Drinks",
     "score": 0.7297067290653321
    }
   ],
   "knownPartnerships": [],
   "marketPositioning": "A premium, functional hydration brand positioned as a tasty, better-for-you alternative to sugary sodas and plain water."
  },
  "shortlistAverages": {}
 },
 {
  "id": "t2-score",
  "label": "Composite score",
  "data": {
   "F": 65.24975302959794,
   "points": {
    "m1": 26.00527520677815,
    "m2": 5.858385640347981,
    "m3": 13.785059593862835,
    "m4": 12.079404273462508,
    "m5": 7.5216283151464625,
    "m6": 0
   },
   "coverage": 0.9
  },
  "shortlistAverages": {
   "F": 55.38338238220258,
   "coverage": 0.8800000000000001
  }
 }
]