Not according to transubstantiation.
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Neither of these is the teaching of the Church. The Church teaches that Jesus is truly and substantially present in the Eucharist. It is not literal or we would see the man Jesus physically sitting on our altars. It's not merely symbolic in that it would then just be an empty ritual, which Jesus would never command us to do as he clearly did in John 6 and at the Last Supper. It is a symbol, but only in the sense that we cannot see a physical manifestation the heavenly reality that is there.