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First-Quarter 2016 Corporate Buyback Scorecard; 51–100

Buyback Scorecard Have Stock Buybacks Lost Their Credibility?Best & Worst CompaniesIndustry Comparisons

The table below ranks the 305 companies in the S&P 500 that bought back at least 4 percent or more than $1 billion of their shares from March 31, 2014 to March 31, 2016. The companies are ranked according to their return on investment from these repurchases. As calculated by Fortuna Advisors, a New York City-based consultancy that compiled the data for Institutional Investor, buyback ROI measures the overall rate of return of buybacks, based on the internal rate of return of the cash flows associated with them. Buyback strategy tracks the performance of the underlying stock in terms of annualized total shareholder return. Once Fortuna determines buyback ROI and buyback strategy, buyback effectiveness can then be calculated as simply the difference between the two, determined as compounded return.

 How the S&P 500 Stack Up
as Stock Repurchasers 1—50 | 51—100 | 101—150 | 151—200 | 201—250 | 251—300 | 301—305
 Company Industry Market
$ Total
$ Total
/ Market Cap
Buyback ROI
 Average $45,750$3,54210.2%3.0%-8.6%-5.3%
 Median $20,394$1,7267.8%3.6%-7.4%-5.3%
51CR BardHealthcare Equipment and Services14,8401,0707.217.4-2.914.0
52The Estée Lauder Cos.Household and Personal Products34,7601,7535.014.6-0.913.6
53Cintas Corp.Commercial and Professional Services9,7111,26113.022.7-7.813.1
54Verisk AnalyticsCommercial and Professional Services13,4298276.27.45.313.1
55Tractor Supply Co.Retailing12,0606135.111.01.412.5
56Church & Dwight Co.Household and Personal Products11,8237826.616.7-3.712.4
57Foot LockerRetailing8,7786547.527.1-11.612.3
58Newell BrandsConsumer Durables and Apparel11,8735014.214.6-2.112.3
59Red HatSoftware and Services13,6077985.910.61.412.2
60Nielsen HoldingsCommercial and Professional Services19,0571,2006.
61MedtronicHealthcare Equipment and Services105,0784,7504.515.9-4.310.9
62Eli Lilly and Co.Pharmaceuticals, Biotechnology and Life Sciences75,9901,7952.419.8-7.510.8
63The Travelers Cos.Insurance34,4276,46118.816.6-5.010.7
64General MillsFood, Beverage and Tobacco37,6552,1065.611.8-1.010.7
65The Goodyear Tire & Rubber Co.Automobiles and Components8,8134344.99.80.610.4
66The Interpublic Group of Cos.Media9,2295696.214.9-4.310.0
67Philip Morris InternationalFood, Beverage and Tobacco152,1932,6401.711.7-1.69.9
68The Sherwin-Williams Co.Materials26,2472,2688.617.7-6.79.8
69XilinxSemiconductors and Semiconductor Equipment12,1201,1069.1-
70Dollar General Corp.Retailing24,5221,5316.214.7-4.99.1
71Walgreens Boots AllianceFood and Staples Retailing90,8742,6412.914.8-5.09.1
72Delta Air LinesTransportation37,7773,95010.521.6-10.49.0
73Verizon CommunicationsTelecommunication Services220,6465,1342.
74Motorola SolutionsTechnology Hardware and Equipment13,2245,73043.
75Leggett & PlattConsumer Durables and Apparel6,5283775.822.0-11.28.4
77Citrix SystemsSoftware and Services12,1002,42520.09.5-1.38.1
78The Coca-Cola Co.Food, Beverage and Tobacco200,8117,5903.89.5-1.38.1
79Honeywell InternationalCapital Goods85,3083,6444.38.6-0.77.8
80Mondelez InternationalFood, Beverage and Tobacco62,4726,0419.710.9-3.07.6
81PepsicoFood, Beverage and Tobacco149,7539,3826.313.5-5.47.3
82Waters Corp.Pharmaceuticals, Biotechnology and Life Sciences10,7196756.37.3-0.27.0
83AnthemHealthcare Equipment and Services36,3253,2529.023.6-13.66.8
84Texas InstrumentsSemiconductors and Semiconductor Equipment57,7225,4829.512.6-5.36.6
85Omnicom GroupMedia19,9411,9769.
86Cardinal HealthHealthcare Equipment and Services26,9891,6206.010.1-3.26.5
87CVS Health Corp.Food and Staples Retailing114,2079,0677.919.0-10.66.4
88Juniper NetworksTechnology Hardware and Equipment9,7602,59426.6-
89The Hartford Financial Services GroupInsurance18,2792,74515.011.9-5.16.2
90IntuitSoftware and Services26,7123,14411.813.7-6.95.9
91Ball Corp.Materials10,0794284.214.3-7.65.6
92CH Robinson WorldwideTransportation10,6334584.314.9-8.35.4
93Duke Energy Corp.Utilities55,5721,5002.78.8-3.64.9
94Applied MaterialsSemiconductors and Semiconductor Equipment23,9492,85011.
95Phillips 66Energy45,5663,5457.86.1-1.24.8
963M Co.Capital Goods100,94610,40910.310.3-5.34.5
97Thermo Fisher ScientificPharmaceuticals, Biotechnology and Life Sciences56,1071,5002.76.7-2.14.4
98Marsh & McLennan Cos.Insurance31,6852,4017.610.5-5.74.3
99Rockwell CollinsCapital Goods12,0926685.56.6-2.44.0
100Johnson & JohnsonPharmaceuticals, Biotechnology and Life Sciences298,45214,0294.78.7-4.43.9
Source: Fortuna Advisors Analysis using data from the Capital IQ database.

Financial Data from March 2014 to March 2016. Includes the 486 members of the
current S&P 500 that were public for the full period.

Market Capitalization as of: 3/31/2016.

Companies Included here if $ Total Buyback / Market Capitalization is greater than
4% or if $ Total Buyback is greater than $1 billion.