Constellation Brands filed a prospectus supplement for the resale of up to 21,274,829 shares of its Class A Common Stock. [3, 6] The shares are being registered for sale by certain existing stockholders, and the company will not receive any proceeds from these transactions. [7] The filing was made as part of an automatic shelf registration statement with the Securities and Exchange Commission. In other news on the same day, JPMorgan Chase & Co. initiated coverage on Constellation Brands with a "Neutral" rating. [5] The firm set a price target of $153.00 for the stock. This initiation comes as several analysts have a consensus "Hold" rating on the company, according to reports. [2]