Dulce de Leche

1. 1

   In a large, heavy pot, combine all of the ingredients and bring to a boil, stirring with a wooden spoon until the sugar is dissolved.

2. 2

   Reduce the heat and simmer over moderate heat, stirring frequently, until the mixture is reduced to 2 cups and is the consistency of warm caramel, about 40 minutes.

3. 3

   Discard the cinnamon stick and let the dulce de leche cool to room temperature.

4. 4

   Transfer the dulce de leche to a blender and puree until smooth.

5. 5

   Skim off the foam and transfer to a pitcher.

* Per serving · 4 servings · Values may vary.