No. Hikari, especially the staple, can promote bloat. You need a high quality pellet food (not found at Wal-Mart). It is not just the percentage but the quality of the protein.
The best food by far right now is New Life Spectrum. You may find it at a local fish shop (not a big box store, although Petco carries a limited selection) or order it online. Either way it is definitely worth it. Don't worry about getting a cichlid formula, they are all almost identical. I would go with the Thera+A formula in whatever size fits your cichlids. All NLS foods contain garlic but the Thera+A formula has enough to kill some parasites. I suggest trying it exclusively for 3-4 months to see what it can do for your fish.