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Featured Products Loop in WooCommerce 3

<ul class="products">
<?php
$args = array(
    'post_type' => 'product',
    'posts_per_page' => 12,
    'tax_query' => array(
            array(
                'taxonomy' => 'product_visibility',
                'field'    => 'name',
                'terms'    => 'featured',
            ),
        ),
    );
$loop = new WP_Query( $args );
if ( $loop->have_posts() ) {
    while ( $loop->have_posts() ) : $loop->the_post();
        wc_get_template_part( 'content', 'product' );
    endwhile;
} else {
    echo __( 'No products found' );
}
wp_reset_postdata();
?>