Question Box: What do Mormons believe about the Holy Eucharist

The Eucharist is also called the Holy Communion, the Lord’s Supper or the Sacrament.  We often refer to it as the sacrament.  The Sacrament is a very important part of our beliefs and each Sunday we have a “Sacrament meeting” where we participate in this ordinance.  We partake of bread and water which has been blessed by priests in remembrance of Jesus Christ’s atoning sacrifice. (see Luke 22:19-20) Through this ordinance, we renew the covenants we made with God when we were baptized.

For additional info:

http://www.lds.org/topics/sacrament?lang=eng