The company, formerly known as Callaway Golf

Changing its name so that it more accurately reflects its many non-golfing ventures.

TopGolf, a golf equipment manufacturer located in Carlsbad, California, will officially change its name to Topgolf Callaway Brands Corp. 

Its stock ticker will change to MODG (Modern Golf).

Callaway said its name change reflected its dynamic brand portfolio that "reaches throughout the complete Modern Golf.

In addition to Topgolf, Callaway has recently purchased the brands of TravisMathew, Jack Wolfskin, and OGIO.

 The company's goal is to expand beyond its roots in golf equipment, and the new name will better represent that.

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