NEW YORK (TheStreet) -- Shares of PepsiCo (PEP) - Get Report are slightly lower at 0.09% to $95.25 in pre-market trading today after the company elected Richard Fisher, former head of the Federal Reserve Bank of Dallas, to its board.

Fisher served as president and CEO of the Federal Reserve Bank of Dallas from 2005 to March 2015, and as a Deputy U.S. Trade Representative from 1997 to 2001.

"Richard brings to our board a deep knowledge of financial matters and a breadth of global experience and expertise in international trade and regulatory matters," PepsiCo Chairman and CEO Indra Nooyi said.

"His exceptional background will provide us with valuable, independent insights as PepsiCo continues to innovate and drive long-term profitability," Nooyi added.

The Street's Jim Cramer, Portfolio Manager of Action Alerts PLUS Charitable Trust Portfolio is positive about the appointment as well. "Dick Fisher is a great intellect, and I think he will help Indra Nooyi make some terrific decisions about how the world looks, even as I really disagreed with him on his hawkish policies when accommodation was needed. Just a convivial good guy," Cramer said.

Purchase, NY-based PepsiCo is a global food and beverage company.

Separately, TheStreet Ratings team rates PEPSICO INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate PEPSICO INC (PEP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. Compared to other companies in the Beverages industry and the overall market, PEPSICO INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
• Net operating cash flow has increased to $3,813.00 million or 26.00% when compared to the same quarter last year. In addition, PEPSICO INC has also modestly surpassed the industry average cash flow growth rate of 16.79%.
• The gross profit margin for PEPSICO INC is rather high; currently it is at 57.09%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 6.57% trails the industry average.
• Compared to where it was a year ago today, the stock is now trading at a higher level, regardless of the company's weak earnings results. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
• Regardless of the drop in revenue, the company managed to outperform against the industry average of 3.3%. Since the same quarter one year prior, revenues slightly dropped by 0.8%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
• You can view the full analysis from the report here: PEP Ratings Report

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