How to change featured content to a different tag in Wordpress Twenty Fourteen

In twenty fourteen theme, we’d like to know how to change the features content tag. Currently it’s set as featured.

Now, we would like to know how to code this for different page templates.

We notice in page.php there is a piece of code calling the template part featured-content.

<?php
	if ( is_front_page() && twentyfourteen_has_featured_posts() ) {
		// Include the featured content template.
		get_template_part( 'featured-content' );
	}
?>

From our understanding this calls the file featured-content.php. In this file, is there a way to decide the tag. We imagine you can do it using an if statement and the $tag or $term variable inside an array. But we’re not completely sure.

Our idea is to create three pages on our site, each using a different tag to show different posts in the featured content section.

Can this be done and can anyone provide us with the code or logic to do it?

Thanks in advance!
the LWdesign team