Pepsi seems to be facing growing investor pressure, with its 2024 organic revenue guidance close to potentially proving to be aspirational, UBS analysts say in a research note. The embedded improvement in trends isn’t playing out as many would have anticipated, the analysts say. There are also questions as to whether the maker of soft drinks and owner of snack brands such as Lay’s and Doritos will need to pull additional levers to drive an improvement in volume consumption, which may result in greater investment/lower bottom line growth looking ahead, the analysts add. Shares fall 0.6% to $167.45.