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
Topgolf Callaway Brands Corp. $MODG	10/17/2024	$18.00 → $12.00	Buy → Neutral	B. Riley Securities
PepsiCo Inc. $PEP	10/10/2024	$190.00 → $183.00	Buy → Hold	TD Cowen
PepsiCo Inc. $PEP	9/20/2024	$185.00	Overweight → Equal-Weight	Morgan Stanley
Topgolf Callaway Brands Corp. $MODG	8/29/2024	$40.00 → $12.00	Buy → Hold	Jefferies
Topgolf Callaway Brands Corp. $MODG	8/23/2024		Outperform → Underperform	Raymond James
Topgolf Callaway Brands Corp. $MODG	8/8/2024	$18.00 → $13.00	Buy → Neutral	BofA Securities
Topgolf Callaway Brands Corp. $MODG	8/8/2024		Overweight → Sector Weight	KeyBanc Capital Markets
PepsiCo Inc. $PEP	7/19/2024	$183.00	Buy → Hold	DZ Bank

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Topgolf Breaks Ground on Second Venue in Minnesota
The venue will be located at 560 Bielenberg Drive in Woodbury, MN DALLAS, Nov. 21, 2024 /PRNewswire/ -- Topgolf announced today it recently broke ground on a three-level venue in Woodbury, Minnesota, set to open in late 2025. This is the second venue in Minnesota in addition to an existing venue in Minneapolis – Brooklyn Center. The Basics If you've never been to a Topgolf venue before, think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxe
11/21/24 9:00:00 AM ET
$MODG
Recreational Games/Products/Toys
Consumer Discretionary
PepsiCo Declares Quarterly Dividend
PURCHASE, N.Y., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ:PEP) today declared a quarterly dividend of $1.355 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $5.42 per share from $5.06 per share, which began with the June 2024 payment. This dividend is payable on January 6, 2025 to shareholders of record at the close of business on December 6, 2024. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2024 marked the company's 52nd consecutive annual dividend increase.
11/19/24 4:25:00 PM ET
$PEP
Beverages (Production/Distribution)
Consumer Staples
TOPGOLF CALLAWAY BRANDS ANNOUNCES THIRD QUARTER 2024 RESULTS
HIGHLIGHTS Q3 Consolidated Revenues and Adjusted EBITDA were ahead of expectations.The Callaway brand maintained its #1 position in U.S. market share in total golf clubs and achieved record U.S. market share in golf ball.The Company further strengthened its available liquidity position to $863 million, increasing $129 million year-over-year.The Company reaffirmed its expectation for full year positive Adjusted Free Cash Flow for the total Company and Topgolf.The Company lowered full year 2024 revenue guidance to approximately $4.2 billion and Adjusted EBITDA to a range of $560 to $570 million. The Company maintained prior Topgolf revenue guidance of approximately $1.79 billion and increased
11/12/24 4:15:00 PM ET
$MODG
Recreational Games/Products/Toys
Consumer Discretionary

$MODG
$PEP
Leadership Updates

Live Leadership Updates

Hari Avula Appointed to Board of Guayakí Yerba Mate
Assumes Role of Audit Committee Chair Guayakí Yerba Mate, the category leader in yerba mate, is pleased to announce the appointment of industry veteran Hari Avula to its Board of Directors. Avula joins the Board to lead its Audit Committee and brings extensive experience from having served in influential, leadership roles within global consumer, retail and healthcare services businesses. He was chief financial and strategic officer of Clif Bar & Company until it was acquired by Mondelēz International, Inc. Previously, he served in senior finance and transformation roles at Walgreens Boots Alliance Inc., and before this spent over 22 years with PepsiCo, Inc. (NASDAQ:PEP) in various financi
9/18/24 1:38:00 PM ET
$PEP
$SFM
Beverages (Production/Distribution)
Consumer Staples
Food Chains
Gatorade Ushers in a New Age of Football by Expanding its Roster with Emerging NFL Talent and First Female Flag Football Athlete
The brand is highlighting trailblazers on and off the field, headlined by the newest football stars joining its elite athlete roster – Lamar Jackson, Justin Jefferson, Puka Nacua and Diana Flores – and a capsule collab with fashion designer Kristin Juszczyk CHICAGO, Sept. 4, 2024 /PRNewswire/ -- Gatorade, the world's most superior sports drink, has spent nearly 60 years fueling the sport of football on and off the field. As the NFL kicks off another monumental year, Gatorade is continuing to help shape the game. From the rise of women's impact on the sport and the growing spotlight on flag football, to the new era of athlete individualism, football is changing – and Gatorade is using its lat
9/4/24 10:00:00 AM ET
$PEP
Beverages (Production/Distribution)
Consumer Staples
PepsiCo Juntos Crecemos Celebrates Year Three of Jefa-Owned Campaign, Launches National "Jefa Hour" Movement to Recognize the Economic and Cultural Contributions of Latina Entrepreneurs
Actress Stephanie Beatriz, and the United States Hispanic Chamber of Commerce, Join This Year's Campaign to Uplift Jefa-Owned Small Businesses on National Latina Day; PepsiCo Juntos Crecemos Commits $440,000 to Support Women Founders in Food and Beverage Industry PURCHASE, N.Y., Aug. 20, 2024 /PRNewswire/ -- Latina small business owners are the embodiment of the modern-day American dream, ambitious and entrepreneurial. In celebration of National Latina Day, today PepsiCo Juntos Crecemos (Together We Grow) launched year three of its signature Jefa-Owned (owned by a Latina boss) campaign to recognize the economic, cultural, and community contributions of Jefa-Owned businesses - particularly r
8/20/24 9:00:00 AM ET
$PEP
Beverages (Production/Distribution)
Consumer Staples

PepsiCo Declares Quarterly Dividend
PURCHASE, N.Y., Nov. 19, 2024 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ:PEP) today declared a quarterly dividend of $1.355 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $5.42 per share from $5.06 per share, which began with the June 2024 payment. This dividend is payable on January 6, 2025 to shareholders of record at the close of business on December 6, 2024. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2024 marked the company's 52nd consecutive annual dividend increase.
11/19/24 4:25:00 PM ET
$PEP
Beverages (Production/Distribution)
Consumer Staples
TOPGOLF CALLAWAY BRANDS ANNOUNCES THIRD QUARTER 2024 RESULTS
HIGHLIGHTS Q3 Consolidated Revenues and Adjusted EBITDA were ahead of expectations.The Callaway brand maintained its #1 position in U.S. market share in total golf clubs and achieved record U.S. market share in golf ball.The Company further strengthened its available liquidity position to $863 million, increasing $129 million year-over-year.The Company reaffirmed its expectation for full year positive Adjusted Free Cash Flow for the total Company and Topgolf.The Company lowered full year 2024 revenue guidance to approximately $4.2 billion and Adjusted EBITDA to a range of $560 to $570 million. The Company maintained prior Topgolf revenue guidance of approximately $1.79 billion and increased
11/12/24 4:15:00 PM ET
$MODG
Recreational Games/Products/Toys
Consumer Discretionary
Topgolf Callaway Brands to Release Third Quarter 2024 Financial Results
CARLSBAD, Calif., Nov. 5, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its third quarter 2024 financial results on Tuesday, November 12, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com. A replay will be available online approximately two hours a
11/5/24 4:15:00 PM ET
$MODG
Recreational Games/Products/Toys
Consumer Discretionary

Billionaire Richard Branson Once Tried Taking On Coca-Cola, Which Turned Out To Be His 'Most Notable Failure:' He Says It Taught Him That People 'Quite Like The Underdog'
Billionaire entrepreneur Richard Branson disclosed his most significant business failure- Virgin Cola– and the crucial lesson it imparted in a recent podcast. What Happened: Branson, the founder of the Virgin Group, revealed on the ‘Work-Life With Adam Grant’ podcast that the failure of Virgin Cola, a soda launched by his company in 1994, taught him a valuable lesson. Despite initial success in the U.K., the product failed to maintain its position, particularly in the U.S. market, leading to its eventual closure. Branson shared that the failure of Virgin Cola, which was intended to challenge industry giants Coca-Cola (NYSE:KO) and Pepsi (NASDAQ:PEP), taught him the importance of seein
7/20/24 1:39:25 AM ET
$KO
$PEP
Beverages (Production/Distribution)
Consumer Staples
Barclays Maintains Overweight on PepsiCo, Raises Price Target to $187
Barclays analyst Lauren Lieberman maintains PepsiCo (NASDAQ:PEP) with a Overweight and raises the price target from $179 to $187.
7/19/24 2:14:10 PM ET
$PEP
Beverages (Production/Distribution)
Consumer Staples
Topgolf Names Erin Chamberlin COO, Beginning July 22, 2024
Chamberlin joins Topgolf from PENN Entertainment Inc.DALLAS, July 18, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today that Erin Chamberlin has been named its new Chief Operating Officer beginning July 22. Chamberlin joins the company from PENN Entertainment Inc., the largest provider of gaming entertainment in North America, where she served as a Senior Vice President of Regional Operations since 2019.In her new role, Chamberlin will be responsible for Topgolf's globally owned and operated venue experience, including the Player experience, operational excellence, Topgolf technology, food and beverage innovation, supply chain and culinary operations. She will be
7/18/24 9:11:32 AM ET
$MODG
Recreational Games/Products/Toys
Consumer Discretionary

Topgolf Selects PepsiCo As Official Beverage Partner

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Recent Analyst Ratings for $MODG$PEP

$MODG$PEP Analyst Ratings

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Topgolf Callaway Brands downgraded by B. Riley Securities with a new price target

PepsiCo downgraded by TD Cowen with a new price target

PepsiCo downgraded by Morgan Stanley with a new price target

$MODG$PEP Large Ownership Changes

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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)

$MODG$PEP Press Releases

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$MODG$PEP SEC Filings

Topgolf Breaks Ground on Second Venue in Minnesota

PepsiCo Declares Quarterly Dividend

TOPGOLF CALLAWAY BRANDS ANNOUNCES THIRD QUARTER 2024 RESULTS

SEC Form 10-Q filed by Topgolf Callaway Brands Corp.

Topgolf Callaway Brands Corp. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

PepsiCo Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits

$MODG$PEP Leadership Updates

Live Leadership Updates

Hari Avula Appointed to Board of Guayakí Yerba Mate

Gatorade Ushers in a New Age of Football by Expanding its Roster with Emerging NFL Talent and First Female Flag Football Athlete

PepsiCo Juntos Crecemos Celebrates Year Three of Jefa-Owned Campaign, Launches National "Jefa Hour" Movement to Recognize the Economic and Cultural Contributions of Latina Entrepreneurs

$MODG$PEP Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Flanagan Laura Jean bought $60,195 worth of shares (4,775 units at $12.61), increasing direct ownership by 16% to 35,076 units (SEC Form 4)

Brewer Oliver G Iii bought $128,480 worth of shares (11,000 units at $11.68) (SEC Form 4)

Flanagan Laura Jean bought $20,003 worth of shares (1,676 units at $11.94), increasing direct ownership by 6% to 30,301 units (SEC Form 4)

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PepsiCo Declares Quarterly Dividend

TOPGOLF CALLAWAY BRANDS ANNOUNCES THIRD QUARTER 2024 RESULTS

Topgolf Callaway Brands to Release Third Quarter 2024 Financial Results

Billionaire Richard Branson Once Tried Taking On Coca-Cola, Which Turned Out To Be His 'Most Notable Failure:' He Says It Taught Him That People 'Quite Like The Underdog'

Barclays Maintains Overweight on PepsiCo, Raises Price Target to $187

Topgolf Names Erin Chamberlin COO, Beginning July 22, 2024

$MODG$PEP Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Page David C was granted 1,684 units of PepsiCo, increasing direct ownership by 10% to 19,175 units (SEC Form 4)

Director Weisser Alberto was granted 2,006 units of PepsiCo, increasing direct ownership by 7% to 29,768 units (SEC Form 4)

Director Vasella Daniel was granted 2,276 units of PepsiCo, increasing direct ownership by 3% to 84,536 units (SEC Form 4)

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