The Early Church Fathers believe this to be true. This is consistent with Scripture. If it were just symbolic, it means the deposit of faith changed. As we know the Deposit of faith is unchanging especially on faith and morals. Since the Eucharist is indeed a part of our faith, we ought to believe that Jesus is present.
Anyways, Ignatius of Antioch who is taught by St. John, the Apostle make it clear that we are to eat and drink the Body and Blood of Our Lord Jesus Christ.
“I have no taste for the food that perishes nor for the pleasures of this life. I want the Bread of God which is the Flesh of Christ, who was the seed of David; and for drink I desire His Blood which is love that cannot be destroyed.”
-“Letter to the Romans”, paragraph 7, circa 80-110 A.D.
“Take care, then who belong to God and to Jesus Christ - they are with the bishop. And those who repent and come to the unity of the Church - they too shall be of God, and will be living according to Jesus Christ. Do not err, my brethren: if anyone follow a schismatic, he will not inherit the Kingdom of God. If any man walk about with strange doctrine, he cannot lie down with the passion. Take care, then, to use one Eucharist, so that whatever you do, you do according to God: for there is one Flesh of our Lord Jesus Christ, and one cup in the union of His Blood; one altar, as there is one bishop with the presbytery and my fellow servants, the deacons.”
-Epistle to the Philadelphians, 3:2-4:1, 110 A.D.
“God has therefore announced in advance that all the sacrifices offered in His name, which Jesus Christ offered, that is, in the Eucharist of the Bread and of the Chalice, which are offered by us Christians in every part of the world, are pleasing to Him.”
“Dialogue with Trypho”, Ch. 117, circa 130-160 A.D.
Moreover, as I said before, concerning the sacrifices which you at that time offered, God speaks through Malachias, one of the twelve, as follows: ‘I have no pleasure in you, says the Lord; and I will not accept your sacrifices from your hands; for from the rising of the sun until its setting, my name has been glorified among the gentiles; and in every place incense is offered to my name, and a clean offering: for great is my name among the gentiles, says the Lord; but you profane it.’ It is of the sacrifices offered to Him in every place by us, the gentiles, that is, of the Bread of the Eucharist and likewise of the cup of the Eucharist, that He speaks at that time; and He says that we glorify His name, while you profane it."
-“Dialogue with Trypho”, [41: 8-10]