MEXICO CITY (AP) — Mexico has seized 380,000 boxes of Corn Flakes, Special K and other Kellogg’s cereals, claiming the boxes had cartoon drawings on them in violation of recently enacted laws aimed at improving children’s diets.
While Corn Flakes or Rice Krispies are clearly not the worst thing Mexican children eat, the laws prohibit food companies from using marketing tactics that might appeal to children, like cartoons or mascots.
Mexico’s consumer protection agency also said Friday that the cereal boxes did not clearly state nutritional values like calories, fats, salt or sugar, or didn’t have the proper warning signs for levels of those ingredients that are considered excessive.
Agents raided 75 sales outlets and seized pallets of Kellogg's products there, but the vast majority of the seizures were carried out at a warehouse north of Mexico City.
Kellogg’s did not immediately respond to requests for comment.
Before you consider Kellogg, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kellogg wasn't on the list.
While Kellogg currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
Companies Mentioned in This Article
Compare These Stocks
Add These Stocks to My Watchlist