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Second-Quarter 2013 Corporate Buyback Scorecard 51-100

Second-Quarter 2013 Corporate Buyback Scorecard 51-100

Buyback
Scorecard

The table below ranks the 268 companies in the S&P 500 that bought back at least 4 percent or $1 billion of their shares from June 30, 2011 through June 30, 2013. 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
Company Industry Market
Capitalization
$ Total
Buyback
$ Total
Buyback
/ Market Cap
Buyback
Strategy
Buyback
Effectiveness
Buyback ROI
Average$38,681$2,9129.3%13.5%10.4%25.0%
Median$15,858$1,3508.1%13.5%9.7%24.1%
51Fidelity National Information ServicesSoftware and Services$12,557$9847.8%17.5%18.9%39.7%
52The Kroger Co.Food and Staples Retailing$17,900$2,15112.0%20.9%15.0%39.0%
53Amphenol Corp.Technology Hardware and Equipment$12,413$8727.0%20.6%15.1%38.7%
54Starbucks Corp.Consumer Services$49,047$1,3712.8%32.6%4.4%38.5%
55XL GroupInsurance$8,784$1,18613.5%18.6%16.5%38.1%
56Boston Scientific Corp.Healthcare Equipment and Services$12,506$1,29310.3%9.6%25.7%37.8%
57The Interpublic Group of Cos.Media$6,233$81313.0%12.3%22.6%37.7%
58Kimco Realty Corp.Real Estate$8,760$7228.2%16.0%18.6%37.5%
59The Travelers Cos.Insurance$30,115$3,74512.4%21.1%12.7%36.5%
60Johnson & JohnsonPharmaceuticals, Biotechnology and Life Sciences$241,171$25,84510.7%18.6%14.7%36.0%
61Kimberly-Clark Corp.Household and Personal Products$37.360$2,1185.7%27.9%6.3%35.9%
62eBaySoftware and Services$67,122$2,1233.2%31.1%3.7%35.9%
63ViacomMedia$33,010$5,11315.5%19.0%14.2%35.9%
64Union Pacific Corp.Transportation$72,015$3,1174.3%25.1%8.6%35.8%
65Honeywell InternationalCapital Goods$62,423$1,5002.4%17.4%15.0%35.0%
66The Hershey Co.Food, Beverage and Tobacco$19,975$1,0085.0%28.6%4.8%34.8%
67Dover Corp.Capital Goods$13,288$1,2479.4%9.7%22.63%34.5%
68Principal Financial GroupInsurance$10,989$6846.2%12.6%19.4%34.5%
69Tyson FoodsFood, Beverage and Tobacco$9,112$6597.2%16.3%15.6%34.4%
70Fifth Third BancorpBanks$15,923$1,3148.3%19.2%12.7%34.3%
71Akamai TechnologiesSoftware and Services$7,561$4566.0%11.0%21.0%34.3%
72Scripps Networks InteractiveMedia$9,839$1,05010.7%17.9%13.9%34.3%
73Macy'sRetailing$18,415$2,27912.4%34.3%-0.2%34.0%
74AetnaHealthcare Equipment and Services$24,034$3,15413.1%20.5%11.1%34.0%
75PfizerPharmaceuticals, Biotechnology and Life Sciences$198,681$12,6816.4%23.6%8.4%33.9%
76CVS Caremark Corp.Food and Staples Retailing$70,011$6,6609.5%26.9%5.4%33.8%
77The TJX Cos.Retailing$36,032$2,6227.3%39.6%-4.3%33.5%
78MasterCardSoftware and Services$69,841$3,2024.6%42.7%-6.4%33.5%
79MylanPharmaceuticals, Biotechnology and Life Sciences$11,875$1,50012.6%12.7%18.3%33.3%
80The Goldman Sachs GroupDiversified Financials$72,388$10,83315.0%4.4%27.6%33.2%
81Torchmark Corp.Insurance$6,025$94215.6%21.3%9.8%33.1%
82Symantec Corp.Software and Services$15,660$1,64610.5%11.3%18.6%32.0%
83MedtronicHealthcare Equipment and Services$51.852$2,9675.7%13.6%15.9%31.6%
84AmerisourceBergen Corp.Healthcare Equipment and Services$12,892$1,35610.5%16.8%12.7%31.6%
85AccentureSoftware and Services$46,403$4,2779.2%21.6%8.1%31.4%
86General MillsFood, Beverage and Tobacco$31,285$1,3854.3%17.2%11.7%30.8%
87American Express Co.Diversified Financials$82,134$7,6449.3%22.6%6.7%30.8%
88Abbott LaboratoriesHealthcare Equipment and Services$54,373$3,5836.6%25.2%4.5%30.8%
89Dun & Bradstreet Corp.Commercial and Professional Services$3,893$90923.4%10.1%18.4%30.4%
90Omnicom GroupMedia$16,257$1,87611.5%16.6%11.4%29.9%
91AonInsurance$19,892$1,8259.2%11.9%16.1%29.9%
92Walgreen Co.Food and Staples Retailing$41,769$2,3935.7%9.4%18.8%29.9%
93The J. M. Smucker Co.Food and Staples Food, Beverage and Tobacco$10,932$8407.7%18.8%9.3%29.9%
94O'Reilly AutomotiveRetailing$12,441$2,58620.8%34.5%-3.5%29.8%
95The Washington Post Co.Media$3,590$1764.9%7.5%20.7%29.7%
96TE ConnectivityTechnology Hardware and Equipment$18,919$1,1286.0%13.5%14.2%29.7%
97McKesson Corp.Healthcare Equipment and Services$26,162$2,5439.7%17.0%10.7%29.5%
98Amazon.com.Retailing$126,416$1,2371.0%17.9%9.8%29.5%
99Coca-Cola EnterprisesFood, Beverage and Tobacco$9,635$1,77418.4%16.3%11.3%29.4%
100ComericaBanks$7,434$5497.4%3.5%25.0%29.4%
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from June 2011 to June 2013. Includes the 487 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 06/30/2013. 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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