Muddy Buddies taste like a really sweet cereal with a bit of a crunch thanks to the nuts. The powdered sugar adds a lot of sweetness to this recipe without making your hands covered in sugar. You don't taste peanut butter as a dominant flavor, but you do know it's there. You do, however, taste the chocolate. There are a lot of ingredients in this Muddy Buddies recipe, but they all go perfectly well together.