Contains no saturated and trans fats. Since it does not contain saturated and trans fats, it is clear that if we eat Honey Nut Cheerios it will not increase cholesterol. However, that doesn't mean it helps lower cholesterol. The National Institutes of Health recommends that eating ten to twenty-five grams of soluble fiber per day can reduce LDL cholesterol. A serving of cheerios contains less than a gram of soluble fiber. Therefore, we must eat ten bowls of cheerios a day to effectively reduce LDL cholesterol