Katzpur
Not your average Mormon
We don't refer to it by that name, but we do observe it. You may find it interesting (I know I did) that the Latter-day Saints, like the Roman Catholics, still hold to all seven of the original sacraments, even though they are known by different names and are performed differently. I don't believe any of the Protestant Churches do. For my LDS buddies who may just have concluded that I've lost a few marbles, here they are:What is the mormon view of the Eucharist?
1. Baptism
2. Confirmation
3. Penance (confessing one's sins)
4. The Lord's Supper (we just call this one "the Sacrament"; it's the one Catholics call either the Eucharist or Communion).
5. Marriage
6. Holy Orders (we would say "receiving the priesthood")
7. Annointing of the sick (I believe Catholics used to refer to this as "Extreme Unction" but that it has been called something difference since the Second Vatican Council)
With regards to the Eucharist ("the Sacrament" to LDS), we receive this particular sacrament or ordinance every Sunday. We have a separate prayers for the bread and for the water (why not wine? I can explain if you'd like), and we partake of these in remembrance of the Savior's Atonement and to renew the covenants we entered into when we were baptized. We do not believe in the doctrine of transsubstantiation or real presence.