WK Kellogg Co (NYSE: KLG) is the North American cereal business spun off from Kellogg Company, featuring legacy brands like Corn Flakes, Frosted Flakes, and Raisin Bran. Now operating independently, WK Kellogg aims to revitalise the cereal category through innovation, brand investment, and operational efficiency. The stock offers steady cash flow, a defensive consumer profile, and upside from restructuring gains.