Citi Comments On World Of Growth At Cereal Partners Worldwide For General Mills

In a report published by Citi, General Mills GIS has a world of growth at Cereal Partners Worldwide.

Citi said that it recently met with CPW's management, where they outlined the significant opportunities for the growth of global ready-to-eat cereal. “Management expects to drive high single digit revenue growth over the next 5 years on expansion of per capita consumption in the emerging markets. In total, CPW expects to increase sales by ~$1.1B to $3.3B for 100% of the JV.”

General Mills closed yesterday at $37.31.