Recent Buy - Cardinal Health, Inc (CAH), Kraft Heinz Co (KHC), and Bayer AG (BAYRY)

Today with the market further it's decline as of late I initiated a new position in, Cardinal Health, Inc. (CAH), which has increased its annual distributions each year for over two decades.  In addition, I bolstered my equity weight in two existing positions, KHC and BAYRY, which I have been buying frequently as of late.  See below for details on the transactions.

Recent Buy - Kraft Heinz Co (KHC) and Bayer AG (BAYRY)

I know what your thinking, "c'mon mix it up a little bit, same 'ol, same 'ol."  While I don't blame anyone for thinking that, I can't promise the companies I've been actively purchasing will change anytime soon.  KHC and BAYRY are two positions I have been adding to quite frequently it seems as of late.  KHC may not be an aggressive growth stock with a corresponding high dividend growth rate, but it does remain a cash cow with a yield getting closer to 5% week by week it seems as overall market valuation continues to decline.

With respect to BAYRY, nothing has changed with my rather strong conviction concerning what I believe to be a rather significant price discrepancy between Mr. Market's perceived risk associated with the company versus the potential long term reward with owning the stock.  My plan to continue to make purchases of BAYRY remains in tact so long as the valuation remains at unusually depressed levels.

Recent Buy - Kraft Heinz Co (KHC)

Earlier this week I added to my KHC position, nearly doubling its size.  I initially bought 50 shares back in April and have wanted to further grow the size of this position but have been patiently waiting for the price to retreat below $60.  Shortly after their earnings release, I thought that my opportunity might not come again as speculation arose that KHC might be a potential suiter for an acquisition of Campbell's Soup Co (CPB), which I also happen to own.  This speculation combined with the KHC beating analysts' expectations for Q2 earnings led to a one day jump in price, amounting to an +9% increase in stock price on August 3rd.  However, as the past few weeks have shown, this valuation jump did not last.  Details on the purchase along with the updated valuation metrics can be seen below. 

Recent Buy - The Kraft Heinz Co (KHC), Kimberly-Clark Corp (KMB), and Campbell Soup Co (CPB)

In my previous post on Friday discusses a couple of positions I sold, which you can read more about here.  The proceeds from the equity positions sold was used to purchase 3 separate stocks on the same day: KHC, KMB, and CPB.  Of the three, KHC is new position for the PIV portfolio.  I have included details on each of the purchases below.