After restarting the Filebeat service seeing the following exception - Error starting the servererrorlisten tcp 127.0.0.1:514: bind: address already in use

Thanks @shaunak !

Here is the out-put of sudo lsof -i :514

COMMAND    PID USER   FD   TYPE DEVICE SIZE/OFF NODE NAME
rsyslogd 14289 root    3u  IPv4  51284      0t0  UDP *:syslog 
rsyslogd 14289 root    4u  IPv6  51285      0t0  UDP *:syslog 
rsyslogd 14289 root    5u  IPv4  51288      0t0  TCP *:shell (LISTEN)
rsyslogd 14289 root    6u  IPv6  51289      0t0  TCP *:shell (LISTEN)