"We believe [Coca-Cola's] ability to deliver strong positive mid-single digit organic revenue growth in an environment where many global staples peers are likely to deliver positive low-single digit growth (and in some cases are struggling to hit their algorithm) continues to stand out," UBS analyst Peter Grom said in a note.

Coca-Cola (KO) posted another strong quarter as it gains ground on rival PepsiCo (PEP). In its fourth quarter earnings report, which came out before market open on Tuesday, the company bested the Street's estimates across the board.