MN Stocks Among Fortune 500’s Best And Worst Of 2013

Best Buy and Supervalu were ranked among 10 of the “top-performing” Fortune 500 stocks in 2013; meanwhile, C. H. Robinson and Mosaic were among the 15 “worst-performing” stocks this year.
MN Stocks Among Fortune 500’s Best And Worst Of 2013

Best Buy and Supervalu were among the “Top-Performing Stocks of 2013,” while C. H. Robinson and Mosaic were among the “worst-performing,” according to lists recently published at CNNMoney.com.

CNNMoney ranked Fortune 500 companies based on their year-to-date stock performance, as of December 7. The website listed 10 U.S. companies as having “top-performing” stocks and 15 companies as having the “worst-performing” stocks.

Richfield-based Best Buy Company was the fourth-best performer on CNNMoney’s list. The retailer, which ranks 61st on Fortune 500’s list of the largest companies, reported year-to-date stock growth of 254 percent, according to CNNMoney. After plummeting in 2012, Best Buy’s shares rebounded as analysts have praised CEO Hubert Joly’s attempt to turn the retailer around.

Best Buy employs approximately 165,000 and reported revenue of $45.1 billion for the fiscal year that ended February 2, an 11 percent decrease from the previous year.

Eden Prairie-based grocery retailer Supervalu, Inc., had the eighth-best performing stock. Supervalu, whose Fortune 500 rank is 86, saw its stock climb 157 percent this year, according to CNNMoney. Following the sale of five of its largest retail grocery brands in $3.3 billion deal, Supervalu’s earnings rose—it reported $40 million in net earnings for the quarter that ended September 7—compared with a $111 million loss during the same period in the previous year.

Supervalu, which employs approximately 35,000, reported revenue of $17.1 billion for the fiscal year that ended February 23, a 1.4 percent decrease from the previous year.

Atlanta-based Delta Air Lines, Inc., which has a large presence in Minnesota, had the ninth-best performing stock. According to CNNMoney, the airline’s acquisition of a 49 percent stake in Virgin Atlantic Airlines, as well as its inclusion in the S&P 500 after an eight-year absence, significantly boosted its stock performance. Delta, whose Fortune 500 rank is 83, saw its stock price climb 139 percent this year, according to CNNMoney.

Delta, which employs approximately 74,000, reported 2012 revenue of $36.7 billion—a 4.4 percent increase from the previous year. According to CNNMoney, 2014 “could be an even bigger year for Delta,” as its revenue is expected to reach roughly $40 billion and as it plans to launch seven new nonstop flights between Seattle, Las Vegas, and Los Angeles.

Washington, D.C.-based mortgage company Fannie Mae (whose stock rose 1,333 percent) and McLean, Virginia-based mortgage company Freddie Mac (963 percent) ranked first and second, respectively, on CNNMoney’s list of top-performing stock options. Camp Hill, Pennsylvania-based drugstore chain Rite Aid (323 percent) rounded out the top three best-performing stocks.

Click here to view the 10 Fortune 500 companies with the top-performing stocks this year.

Other big Minnesota companies did not fare well this year.

Eden Prairie-based C. H. Robinson Worldwide, Inc., which provides transportation and logistics services, had the 12th-worst performing stock on the list. The company, ranked 237th on the Fortune 500, watched its stock price slide 7 percent this year, according to CNNMoney. C. H. Robinson reported business challenges earlier this year, leading to its shares falling—the biggest drop occurred in May, when stock dropped 7 percent, according to CNNMoney.

C. H. Robinson, which employs approximately 11,000, reported 2012 revenue of $11.4 billion, a 9.9 percent increase from the previous year.

Plymouth-based The Mosaic Company, which produces and markets potash crop nutrients for the agriculture industry, had the ninth-worst performing stock on CNNMoney’s list. The company, whose Fortune 500 rank is 246, has seen its stock price fall 16 percent in 2013. Mosaic’s stock dropped 17 percent in July, which Mosaic blamed on a major shift in the global potash market. However, the company acquired Florida-based phosphate miner CF Industries Holdings, Inc., in October for $1.2 billion and announced a plan in December to buy back over 43 million shares, according to CNNMoney.

Mosaic, which employs approximately 8,000, reported revenue of $10 billion for the fiscal year that ended May 31, a 10.2 percent decrease from the previous year.

Reston, Virginia-based mobile communications company NII Holdings, Inc., had the worst-performing stock this year, down 63 percent. Plano, Texas-based clothing retailer J. C. Penney Company, Inc., (-59 percent) and Greenwood Village, Colorado-based mining company Newmont Mining Corporation (-49 percent) rounded out the three worst-performing stocks.

Click here to view the 15 Fortune 500 companies with the worst-performing stocks this year.

Best Buy, Supervalu, C. H. Robinson, and Mosaic are among Minnesota’s 15-largest public companies based on revenue.