Mondelez International is trading lower today, reflecting a broader downturn across the consumer defensive sector as peers like Kraft Heinz and PepsiCo also face downward pressure. The stock is contending with ongoing investor concerns regarding the potential impact of GLP-1 weight-loss treatments on future sales volumes for major food companies. Additionally, the sector remains sensitive to macro-level risks, including analyst warnings regarding the potential for a Super El Nino to disrupt cocoa supply chains and elevate input costs for confectioners.