Third-Quarter 2014 Corporate Buyback Scorecard; 251–284

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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
Capitalization
$ Total
Buyback
$ Total
Buyback
/ Market Cap
Buyback
Strategy
Buyback
Effectiveness
Buyback ROI
Average $46,507 $3,389 8.8% 25.9% -2.3% 22.5%
Median $21,933 $1,624 7.4% 25.3% -2.5% 21.8%
251 Kellogg Co. Food, Beverage and Tobacco 22,184 1,234 5.6 16.9 -9.5 5.8
252Quest DiagnosticsHealthcare Equipment and Services8,763 1,169 13.32.82.75.6
253AT&TTelecommunication Services182,755 19,023 10.42.82.55.4
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 3.64.20.54.8
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 16.00.32.73.0
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 76911.01.50.72.2
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 5017.3-1.12.71.5
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
273 Philip Morris International Food, Beverage and Tobacco 130,282 10,981 8.4 0.8 0.1 0.9
274 eBay Software and Services 70,290 5,075 7.2 7.9 -8.5 -1.3
275 The Mosaic Co. Materials 16,638 2,508 15.1 -8.3 6.3 -2.5
276 Target Corp. Retailing 39,721 2,106 5.3 0.9 -3.6 -2.7
277 Xilinx Semiconductors and Semiconductor Equipment 11,370 570 5.0 17.3 -18.9 -4.8
278 Bed Bath & Beyond Retailing 13,295 3,248 24.4 -1.1 -4.2 -5.2
279 Staples Retailing 7,795 508 6.5 2.0 -7.7 -5.9
280 Fossil Group Consumer Durables and Apparel 4,968 969 19.5 12.2 -17.6 -7.5
281 Mattel Consumer Durables and Apparel 10,355 649 6.3 4.6 -17.8 -14.0
282 Teradata Corp. Software and Services 6,498 902 13.9 -23.0 8.0 -16.8
283 Whole Foods Market Food and Staples Retailing 13,767 703 5.1 -8.5 -24.7 -31.1
284 Coach Consumer Durables and Apparel 9,811 750 7.6 -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.
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