This content is from: Home

Third-Quarter 2014 Corporate Buyback Scorecard; 251–284

Scorecard U.S. Share Buybacks Rebound but Face Sharp CriticismBest & Worst ProgramsIndustry Comparisons

The table below ranks the 284 companies in the S&P 500 that bought back at least 4 percent of their shares from September 30, 2012, through September 30, 2014. 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—284
Company Industry Market
$ Total
$ Total
/ Market Cap
Buyback ROI
 Average $46,507$3,3898.8%25.9%-2.3%22.5%
 Median $21,933$1,6247.4%25.3%-2.5%21.8%
251Kellogg Co.Food, Beverage and Tobacco22,184 1,2345.616.9-9.55.8
252Quest DiagnosticsHealthcare Equipment and Services8,763 1,169
253AT&TTelecommunication Services182,755 19,023
254Pfizer Pharmaceuticals, Biotechnology and Life Sciences187,499 15,505 8.315.4-8.75.3
255Waters Corp.Pharmaceuticals, Biotechnology and Life Sciences8,323 6247.514.1-7.95.1
256Citigroup Banks157,106 2,647 1.730.9-19.84.9
257Wal-Mart Stores Food and Staples Retailing246,426 8,931
258Urban Outfitters Retailing4,93050010.14.5-0.83.7
259AFLAC Insurance26,3901,616 6.118.6-13.03.2
260McCormick & Co.Food, Beverage and Tobacco8,686 3904.58.2-4.73.1
261International Business Machines Corp.Software and Services189,37330,394
262The Hershey Co.Food, Beverage and Tobacco21,169 8614.115.9-11.42.7
263FMC Corp.Materials7,620 3724.910.2-6.92.7
264PetSmartRetailing6,962 76911.
265CA TechnologiesSoftware and Services12,435 7065.78.7-6.12.0
266McDonald's Corp.Consumer Services93,097 4,246 4.66.3-4.21.8
267Ralph Lauren Corp.Consumer Durables and Apparel14,4871,0407.25.3-3.51.7
268Denbury ResourcesEnergy5,239 74114.14.1-2.41.6
269Darden RestaurantsConsumer Services6,823 5017.3-
270The Boeing Co.Capital Goods91,792 6,801 7.434.8-24.81.3
271W.W. GraingerCapital Goods17,212 8004.612.0-9.51.3
272Deere & Co.Capital Goods29,387 4,263 14.57.1-5.80.9
273Philip Morris InternationalFood, Beverage and Tobacco130,28210,981
274eBaySoftware and Services70,290 5,075 7.27.9-8.5-1.3
275The Mosaic Co.Materials16,638 2,508 15.1-8.36.3-2.5
276Target Corp.Retailing39,721 2,106 5.30.9-3.6-2.7
277Xilinx Semiconductors and Semiconductor Equipment11,370 5705.017.3-18.9-4.8
278Bed Bath & BeyondRetailing13,295 3,248 24.4-1.1-4.2-5.2
279StaplesRetailing7,795 5086.52.0-7.7-5.9
280Fossil GroupConsumer Durables and Apparel4,968 96919.512.2-17.6-7.5
281MattelConsumer Durables and Apparel10,3556496.34.6-17.8-14.0
282Teradata Corp.Software and Services6,498 90213.9-23.08.0-16.8
283Whole Foods MarketFood and Staples Retailing13,767 7035.1-8.5-24.7-31.1
284CoachConsumer Durables and Apparel9,811 7507.6-18.8-15.6-31.4
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from September 2012 to September 2014. Includes the 491 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 09/30/2014. Companies included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 billion.