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First-Quarter 2014 Corporate Buyback Scorecard; 201–250

Scorecard CFOs Share Their Stock Buyback Secrets Best and Worst Programs Industry Comparisons

The table below ranks the 270 companies in the S&P 500 that bought back at least 4 percent of their shares from March 31, 2012, through March 31, 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—270
Company Industry Market
$ Total
$ Total
/ Market Cap
Buyback ROI
 Average $46,040$3,3498.6%22.3%4.3%27.5%
 Median $21,057$1,5307.2%22.4%3.4%27.4%
201General Growth PropertiesReal Estate19,4391,1235.817.5-2.814.2
203NetAppTechnology Hardware and Equipment12,2242,47220.20.513.413.9
204General MillsFood, Beverage and Tobacco31,8432,4497.715.7-1.713.8
205Sysco Corp.Food and Staples Retailing21,1351,0545.013.8-0.313.5
206The Travelers Cos.Insurance29,9834,28614.322.5-7.613.2
207Republic ServicesCommercial and Professional Services12,2506635.
208XL Group Insurance8,6481,15513.422.6-7.912.9
209Eli Lilly and Co.Pharmaceuticals, Biotechnology and Life Sciences62,7922,4743.923.5-8.712.8
210ConAgra FoodsFood, Beverage and Tobacco13,0455974.611.31.212.7
211Symantec Corp.Software and Services13,8101,3269.612.00.412.5
212Stanley Black & DeckerCapital Goods12,6521,1228.96.25.612.2
213The Estée Lauder Cos.Household and Personal Products25,8991,0314.010.31.612.1
214Altria GroupFood, Beverage and Tobacco74,5931,5872.117.0-4.212.1
215Ross StoresRetailing15,3811,1007.116.5-3.911.9
216W.W. GraingerCapital Goods17,3488685.012.1-0.211.9
217Kimco Realty Corp.Real Estate8,9826076.812.0-0.311.7
218PepsicoFood, Beverage and Tobacco128,2687,3275.715.3-3.211.6
219The Procter & Gamble Co.Household and Personal Products218,53911,4925.312.9-1.710.9
220eBaySoftware and Services69,9913,8125.427.1-12.810.8
221Dollar General Corp.Retailing17,3981,79210.316.6-5.010.8
222Baxter InternationalHealthcare Equipment and Services39,8022,0685.213.7-3.010.3
224Cameron International Corp.Energy13,3912,45218.36.13.810.2
225Occidental Petroleum Corp.Energy75,2892,4573.3-
226Exxon Mobil Corp.Energy422,09935,2228.38.21.710.0
227Leggett & PlattConsumer Durables and Apparel4,5282435.422.3-10.29.8
228Kohl's Corp. Retailing11,8461.96116.
229The Chubb Corp.Insurance21,8932,33710.715.3-5.09.5
230The AES Corp.Utilities10,3386236.
231Deere & Co.Capital Goods33,5693,46610.
232Yum! BrandsConsumer Services33,3181,7815.
233EMC Corp. Technology Hardware and Equipment55,5714,0907.4-
234Intel Corp.Semiconductors and Semiconductor Equipment128,3476,6035.
235The J. M. Smucker Co.Food, Beverage and Tobacco10,0835915.914.3-5.58.0
236Cisco SystemsTechnology Hardware and Equipment115,46613,30511.58.2-0.37.9
238The Western Union Co.Software and Services8,9641,20513.4-2.710.47.4
239Wal-Mart StoresFood and Staples Retailing246,80611,6104.714.3-6.27.2
240Chevron Corp.Energy227,0158,8303.97.5-2.15.2
241McDonald's Corp.Consumer Services97,0384,0204.
242Dollar TreeRetailing10,7611,44813.59.7-4.44.8
243Expeditors International of WashingtonTransportation7,9687699.7-
244Hess Corp. Energy26,1162,5369.7715.1-9.83.7
245Altera Corp.Semiconductors and Semiconductor Equipment11,5076425.6-
246The Coca-Cola Co.Food, Beverage and Tobacco170,3329,1875.48.7-5.82.4
248Bed Bath & BeyondRetailing14,6492,28515.64.5-2.71.7
249Ralph Lauren Corp.Consumer Durables and Apparel14,4171,1057.70.0-0.5-0.4
250AT&TTelecommunication Services182,60424,95113.77.2-7.4-0.8
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from March 2012 to March 2014. Includes the 490 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 03/31/2014. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion.