Topgolf Selects PepsiCo As Official Beverage Partner

5/15/24 8:21:48 AM ET

$MODG

$PEP

Recreational Games/Products/Toys

Consumer Discretionary

Beverages (Production/Distribution)

Consumer Staples

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PepsiCo and Topgolf Launch Eight-Year Partnership Offering the Chance to Win Eight Years of Free Topgolf and PepsiCo Beverages

DALLAS, May 15, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today an eight-year beverage agreement with global food and beverage leader, PepsiCo. Beverages will be supplied to Topgolf's U.S. venues beginning May 15, 2024, with the rollout expected to be completed by June 2024.

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Recent Analyst Ratings for
$MODG
$PEP

Company	Date	Price Target	Rating	Analyst
PepsiCo Inc. $PEP	1/16/2026	$179.00	Neutral → Outperform	BNP Paribas Exane
PepsiCo Inc. $PEP	12/10/2025	$164.00	Neutral → Overweight	Analyst
PepsiCo Inc. $PEP	10/21/2025	$167.00	Hold → Buy	DZ Bank
Topgolf Callaway Brands Corp. $MODG	10/17/2025	$10.00	Neutral	UBS
Topgolf Callaway Brands Corp. $MODG	7/18/2025	$9.50	Equal-Weight	Morgan Stanley
Topgolf Callaway Brands Corp. $MODG	5/16/2025	$7.00	Neutral	B. Riley Securities
PepsiCo Inc. $PEP	4/15/2025	$155.00	Buy → Neutral	BofA Securities
PepsiCo Inc. $PEP	3/18/2025	$168.00 → $156.00	Overweight → Equal Weight	Barclays

More analyst ratings

Topgolf Selects PepsiCo As Official Beverage Partner

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Recent Analyst Ratings for
$MODG
$PEP

Topgolf Selects PepsiCo As Official Beverage Partner

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$MODG
$PEP

$MODG
$PEP
Analyst Ratings

PepsiCo upgraded by BNP Paribas Exane with a new price target

PepsiCo upgraded by Analyst with a new price target

PepsiCo upgraded by DZ Bank with a new price target

$MODG
$PEP
Insider Purchases

Director Ogunlesi Adebayo O. bought $3,055,995 worth of shares (461,583 units at $6.62) (SEC Form 4)

Director Ogunlesi Adebayo O. bought $2,481,049 worth of shares (383,701 units at $6.47) (SEC Form 4)

EVP & Pres., Callaway Golf Hickey Glenn F. bought $68,600 worth of shares (10,000 units at $6.86) (SEC Form 4)

$MODG
$PEP
Press Releases

PepsiCo Declares Quarterly Dividend

Callaway Golf Introduces Quantum Drivers, Fairway Woods, Irons, and Hybrids

PepsiCo Announces Industry-First AI and Digital Twin Collaboration with Siemens and NVIDIA

$MODG
$PEP
Insider Trading

New insider Kanioura Athina claimed ownership of 74,635 units of PepsiCo (SEC Form 3)

EVP, Global CPO Fine Rebecca converted options into 71,916 shares and covered exercise/tax liability with 22,812 shares, increasing direct ownership by 66% to 123,861 units (SEC Form 4)

Director Rao Varsha Rajendra was granted 2,169 shares, increasing direct ownership by 4% to 51,302 units (SEC Form 4)

$MODG
$PEP
SEC Filings

SEC Form 8-K filed by Topgolf Callaway Brands Corp.

Topgolf Callaway Brands Corp. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Financial Statements and Exhibits

PepsiCo Inc. filed SEC Form 8-K: Leadership Update

$MODG
$PEP
Financials

PepsiCo Declares Quarterly Dividend

PepsiCo Announces Priorities to Enhance Shareholder Value and Provides Preliminary 2026 Financial Outlook

PepsiCo Declares Quarterly Dividend

$MODG
$PEP
Leadership Updates

PepsiCo, Griffith Foods, and Milhão Launch Direct Farmer Incentive Pilot Program in Brazil's Cerrado Region to Advance Regenerative Agriculture

Celsius Holdings and PepsiCo Strengthen Long-Term Strategic Partnership

TOPGOLF CALLAWAY BRANDS ANNOUNCES RESIGNATION OF ARTIE STARRS, CEO OF TOPGOLF

$MODG
$PEP
Large Ownership Changes

SEC Form SC 13G filed by Topgolf Callaway Brands Corp.

SEC Form SC 13G filed by Topgolf Callaway Brands Corp.

SEC Form SC 13G/A filed by Topgolf Callaway Brands Corp. (Amendment)

Topgolf Selects PepsiCo As Official Beverage Partner

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for $MODG$PEP

Topgolf Selects PepsiCo As Official Beverage Partner

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for $MODG$PEP

$MODG$PEP Analyst Ratings

PepsiCo upgraded by BNP Paribas Exane with a new price target

PepsiCo upgraded by Analyst with a new price target

PepsiCo upgraded by DZ Bank with a new price target

$MODG$PEP Insider Purchases

Director Ogunlesi Adebayo O. bought $3,055,995 worth of shares (461,583 units at $6.62) (SEC Form 4)

Director Ogunlesi Adebayo O. bought $2,481,049 worth of shares (383,701 units at $6.47) (SEC Form 4)

EVP & Pres., Callaway Golf Hickey Glenn F. bought $68,600 worth of shares (10,000 units at $6.86) (SEC Form 4)

$MODG$PEP Press Releases

PepsiCo Declares Quarterly Dividend

Callaway Golf Introduces Quantum Drivers, Fairway Woods, Irons, and Hybrids

PepsiCo Announces Industry-First AI and Digital Twin Collaboration with Siemens and NVIDIA

$MODG$PEP Insider Trading

New insider Kanioura Athina claimed ownership of 74,635 units of PepsiCo (SEC Form 3)

EVP, Global CPO Fine Rebecca converted options into 71,916 shares and covered exercise/tax liability with 22,812 shares, increasing direct ownership by 66% to 123,861 units (SEC Form 4)

Director Rao Varsha Rajendra was granted 2,169 shares, increasing direct ownership by 4% to 51,302 units (SEC Form 4)

$MODG$PEP SEC Filings

SEC Form 8-K filed by Topgolf Callaway Brands Corp.

Topgolf Callaway Brands Corp. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure, Financial Statements and Exhibits

PepsiCo Inc. filed SEC Form 8-K: Leadership Update

$MODG$PEP Financials

PepsiCo Declares Quarterly Dividend

PepsiCo Announces Priorities to Enhance Shareholder Value and Provides Preliminary 2026 Financial Outlook

PepsiCo Declares Quarterly Dividend

$MODG$PEP Leadership Updates

PepsiCo, Griffith Foods, and Milhão Launch Direct Farmer Incentive Pilot Program in Brazil's Cerrado Region to Advance Regenerative Agriculture

Celsius Holdings and PepsiCo Strengthen Long-Term Strategic Partnership

TOPGOLF CALLAWAY BRANDS ANNOUNCES RESIGNATION OF ARTIE STARRS, CEO OF TOPGOLF

$MODG$PEP Large Ownership Changes

SEC Form SC 13G filed by Topgolf Callaway Brands Corp.

SEC Form SC 13G filed by Topgolf Callaway Brands Corp.

SEC Form SC 13G/A filed by Topgolf Callaway Brands Corp. (Amendment)

Recent Analyst Ratings for
$MODG
$PEP

Recent Analyst Ratings for
$MODG
$PEP

$MODG
$PEP
Analyst Ratings

$MODG
$PEP
Insider Purchases

$MODG
$PEP
Press Releases

$MODG
$PEP
Insider Trading

$MODG
$PEP
SEC Filings

$MODG
$PEP
Financials

$MODG
$PEP
Leadership Updates

$MODG
$PEP
Large Ownership Changes