TradingKey – PepsiCo (NASDAQ: PEP) shares are trading around $143, up roughly 2% on the day, but the stock still has plenty of ground to recover. Even after today’s bounce, it’s sitting about 11% below its all-time high above $159 reached earlier this year and only 6% above its 52-week low of $132.96.

The drop finally makes one of the market’s most recognized Dividend Kings more appealing to long-term investors. The real issue now is whether this recovery will be the initial phase of a longer recovery or just a pause prior to another downward turn.