Kellogg Declines After Reducing Full-Year Earnings Forecast

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Kellogg Co., the largest U.S. maker of breakfast cereal, declined the most in more than five months after reducing its full-year earnings forecast, citing weaker-than-expected results in the first quarter.

Kellogg fell 6.1 percent to $50.70 at the close in New York, for the biggest drop since Nov. 3. The shares have gained