Baptists do not believe in the Roman Catholic view of “transubstantiation” which claims that the Catholic priests “transform” the bread and cup into the literal body and blood of Christ.

Baptists do not believe in the Lutherans view of “consubstantiation” which claims the “real presence” of the Lord in a “special way.”

The Baptist position concerning the Lord’s Supper is that it is a memorial table that pictures the body and blood of Jesus and serves only as a reminder of His death, burial, and resurrection for us. 1 Corinthians 11:25-26 After the same manner also he took the cup, when he had supped, saying, This cup is the new testament in my blood: this do ye, as oft as ye drink it, in remembrance of me. For as often as ye eat this bread, and drink this cup, ye do shew the Lord’s death till he come.

(From What Do Baptists Believe? A Basic Biblical Study Of Baptist Distinctives by D. Curtis Martin, PhD)