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Third-Quarter 2013 Corporate Buyback Scorecard; 201–250

Scorecard The Most and Least Effective Stock Buyback Programs Best and Worst Programs Industry Comparisons

The table below ranks the 268 companies in the S&P 500 that bought back at least 4 percent of their shares from September 30, 2011, through September 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 1—50 | 51—100 | 101—150 | 151—200 | 201—250 | 251—263
Company Industry Market
$ Total
$ Total
/ Market Cap
Buyback ROI
 Average $41,922$3,0168.7%23.1%4.4%28.5%
 Median $17,310$1,4007.8%22.0%3.5%28.4%
201LorillardFood, Beverage and Tobacco16,7441,3438.
203Microsoft Corp.Software and Services277,22110,6433.815.60.316.0
204Chevron Corp.Energy234,7418,5953.714.90.916.0
205Target Corp.Retailing40,3793,4858.619.1-2.616.0
206Hewlett-Packard Co.Technology Hardware and Equipment40,3393,1517.8-6.924.315.8
208Wal-Mart StoresFood and Staples Retailing240,77413,0375.423.2-6.515.2
209Wisconsin Energy Corp.Utilities9,1934004.319.9-4.015.1
210Monsanto Co.Materials55,6411,5272.722.0-5.715.1
211Juniper NetworksTechnology Hardware and Equipment10,0669839.8-6.823.014.5
212Motorola SolutionsTechnology Hardware and Equipment15,7864,13623.218.6-4.113.8
213Marriott InternationalConsumer Services12,7521,98915.622.0-6.913.7
215Yum! BrandsConsumer Services31,8561,6655.219.2-5.512.6
216Dr Pepper Snapple GroupFood, Beverage and Tobacco9,1247608.313.3-0.912.4
218IntuitSoftware and Services18,7472,35712.618.3-5.511.8
219Varian Medical SystemsHealthcare Equipment and Services8,0456778.410.60.611.3
220Schlumberger Energy116,9162,1361.
221QUALCOMMTechnology Hardware and Equipment115,4825,9235.113.6-2.410.8
222CorningTechnology Hardware and Equipment21,3071,9419.11.98.410.5
223Sysco Corp.Food and Staples Retailing18,8911,1115.912.1-1.510.4
224Laboratory Corp. of America Healthcare Equipment and Services8,9331,45716.36.53.510.2
225EMC Corp.Technology Hardware and Equipment53,1872,7505.24.94.810.0
226Expeditors International of WashingtonTransportation9,0944314.7-
227Ball Corp.Materials6,51294014.412.9-2.89.8
228Denbury ResourcesEnergy6,8516749.
229Ralph Lauren Corp.Consumer Durables and Apparel14,9057595.114.1-3.99.6
230LSI Corp.Semiconductors and Semiconductor Equipment4,28146310.
231The Coca-Cola Co.Food, Beverage and Tobacco167,9289,3565.610.4-1.68.7
232Kohl's Corp.Retailing11,2392,21019.
233Norfolk Southern Corp.Transportation24,1302,2929.
234Exxon Mobil Corp.Energy378,71639,18610.311.8-4.07.4
235Monster Beverage Corp.Food, Beverage and Tobacco8,7477688.819.7-10.67.1
236McDonald's Corp.Consumer Services96,1764,2584.49.2-2.26.7
237Oracle Corp.Software and Services151,17119,04512.66.4-0.55.9
238The AES Corp.Utilities9,8564184.27.6-1.75.8
239Philip Morris InternationalFood, Beverage and Tobacco140,15012,0468.617.8-10.45.6
240CF Industries Materials12,0771,81015.09.9-4.15.3
241Darden RestaurantsConsumer Services6,0443375.
242Deere & Co.Capital Goods31,1603,11910.06.7-1.35.3
243AT&TTelecommunication Services179,61823,88613.315.1-9.04.7
244AutodeskSoftware and Services9,1818148.99.1-4.14.6
245Eli Lilly and Co.Pharmaceuticals, Biotechnology and Life Sciences55,0431,9193.524.4-15.94.6
246Quest DiagnosticsHealthcare Equipment and Services9,3851,24413.39.2-4.24.6
247Iron MountainCommercial and Professional Services5,1644759.
248Red HatSoftware and Services8,7343964.512.1-8.92.1
249CatepillarCapital Goods54,0112,0003.7-
250Abercrombie & Fitch Co.Retailing2,70253619.8-17.821.4-0.2
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from Septmeber 2011 to September 2013. Includes the 489 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 09/30/2013. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion.