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Actionable news in CMG: CHIPOTLE MEXICAN GRILL Inc,

More Squawk from Jim Cramer: Ackman's Pershing Square Buys Stake in Chipotle (CMG)

NEW YORK (TheStreet) -- Shares of Chipotle Mexican Grill (CMG) were climbing 5.74% to $437.84 in mid-morning trading on Wednesday after Bill Ackman's hedge fund Pershing Square disclosed a 9.9% stake in the stock late yesterday.

The fast-casual food chain was hit by an E. coli outbreak that hospitalized more than 500 customers.

"Here's something that's going to work I think in Ackman's favor: The Yum! Brands...