Mount Yale Investment Advisors LLC Makes New $230,000 Investment in Topgolf Callaway Brands Corp. (NYSE:MODG)

Mount Yale Investment Advisors LLC bought a new position in Topgolf Callaway Brands Corp. (NYSE:MODG) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,248 shares of the company’s stock, valued at approximately $230,000.

Several other large investors have also bought and sold shares of MODG. New York State Common Retirement Fund increased its holdings in Topgolf Callaway Brands by 0.9% during the fourth quarter. New York State Common Retirement Fund now owns 166,700 shares of the company’s stock valued at $2,390,000 after buying an additional 1,406 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Topgolf Callaway Brands by 16.5% in the fourth quarter. Benjamin Edwards Inc. now owns 10,983 shares of the company’s stock worth $157,000 after purchasing an additional 1,555 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Topgolf Callaway Brands by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 124,043 shares of the company’s stock worth $2,006,000 after purchasing an additional 1,633 shares during the period. Blair William & Co. IL boosted its position in shares of Topgolf Callaway Brands by 2.0% in the first quarter. Blair William & Co. IL now owns 96,389 shares of the company’s stock worth $1,559,000 after purchasing an additional 1,899 shares during the period. Finally, US Bancorp DE boosted its position in shares of Topgolf Callaway Brands by 1.4% in the first quarter. US Bancorp DE now owns 137,187 shares of the company’s stock worth $2,218,000 after purchasing an additional 1,922 shares during the period. 84.69% of the stock is owned by hedge funds and other institutional investors.

Topgolf Callaway Brands Stock Up 0.7 %

Shares of Topgolf Callaway Brands stock traded up $0.12 on Tuesday, reaching $16.41. The stock had a trading volume of 182,721 shares, compared to its average volume of 2,198,183. The company has a 50 day moving average price of $15.20 and a 200 day moving average price of $15.01. The company has a quick ratio of 1.02, a current ratio of 1.82 and a debt-to-equity ratio of 0.39. Topgolf Callaway Brands Corp. has a 1 year low of $9.84 and a 1 year high of $19.99. The stock has a market capitalization of $3.01 billion, a P/E ratio of 44.03, a P/E/G ratio of 2.63 and a beta of 1.77.

Topgolf Callaway Brands (NYSE:MODG) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. Topgolf Callaway Brands had a net margin of 1.80% and a return on equity of 1.93%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned $0.17 EPS. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts forecast that Topgolf Callaway Brands Corp. will post 0.34 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MODG shares. Truist Financial upped their target price on shares of Topgolf Callaway Brands from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Tigress Financial restated a “buy” rating and set a $38.00 target price on shares of Topgolf Callaway Brands in a research report on Friday, April 12th. TD Cowen upped their target price on shares of Topgolf Callaway Brands from $10.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday, May 13th. Finally, B. Riley lifted their price objective on shares of Topgolf Callaway Brands from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.33.

Insiders Place Their Bets

In related news, Director Erik J. Anderson sold 7,500 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $15.37, for a total value of $115,275.00. Following the completion of the transaction, the director now directly owns 760,459 shares in the company, valued at approximately $11,688,254.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Topgolf Callaway Brands news, Director Erik J. Anderson sold 7,500 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $15.37, for a total transaction of $115,275.00. Following the completion of the transaction, the director now directly owns 760,459 shares in the company, valued at $11,688,254.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Erik J. Anderson sold 10,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $15.19, for a total transaction of $151,900.00. Following the sale, the director now directly owns 767,959 shares of the company’s stock, valued at approximately $11,665,297.21. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Topgolf Callaway Brands Profile

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories in the United States, Europe, Asia, and Internationally. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game.