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Fourth-Quarter 2013 Corporate Buyback Scorecard; 251–269

Scorecard A Tale of Two Stock Buybacks Best and Worst Programs Industry Comparisons

The table below ranks the 269 companies in the S&P 500 that bought back at least 4 percent of their shares from December 31, 2011, through December 31, 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—269
Company Industry Market
$ Total
$ Total
/ Market Cap
Buyback ROI
 Average $45,904$3,0978.1%26.7%2.3%29.5%
 Median $19,140$1,4527.0%25.6%1.3%29.3%
251Monster Beverage Corp.Food, Beverage and Tobacco11,3637957.013.7-8.14.5
252Philip Morris International Food, Beverage and Tobacco139,59712,4888.914.6-9.93.3
253Intel Corp.Semiconductors and Semiconductor Equipment129,0227,5505.94.3-1.23.1
254Quest Diagnostics Healthcare Equipment and Services7,7861,23715.95.9-4.31.4
255CH Robinson Worldwide Transportation8,8471,06312.0-
256Altera Corp.Semiconductors and Semiconductor Equipment10,4404904.7-2.41.7-0.8
257Allergan Pharmaceuticals, Biotechnology and Life Sciences33,0091,5604.76.9-7.4-0.9
258Eli Lilly and Co.Pharmaceuticals, Biotechnology and Life Sciences55,7762,4194.319.1-16.9-1.0
259EMC Corp.Technology Hardware and Equipment51,7553,7007.12.8-6.8-4.2
260International Business Machines Corp.Software and Services203,67425,85412.70.6-7.5-6.9
261Coach Consumer Durables and Apparel15,7421,0916.9-4.0-4.0-7.8
262Red Hat Software and Services10,6204364.1-0.6-7.8-8.3
263Cameron International Corp.Energy14,1601,55311.08.1-16.8-10.0
264F5 Networks Technology Hardware and Equipment7,0525507.8-8.4-3.9-12.0
265Citrix Systems Software and Services11,7906575.6-5.2-9.8-14.5
266CenturyLink Telecommunication Services18,8261,6238.61.6-16.2-14.9
267Edwards Lifesciences Corp.Healthcare Equipment and Services7,19585011.8-1.3-15.516.6
268Intuitive Surgical Healthcare Equipment and Services14,62013489.2-5.4-23.4-27.5
269Teradata Corp.Software and Services7,4336598.9-8.3-24.3-30.5
Source: Fortuna Advisors Analysis using data from the Capital IQ database. Financial Data from December 2011 to December 2013. Includes the 486 members of the current S&P 500 that were public for the full period. Market Capitalization as of: 12/31/2013. Companies Included here if $ Total Buyback / Market Capitalization is greater than 4% or if $ Total Buyback is greater than $1 Billion.