Question: What is the literal translation of Theokotos?
Sentence: The equivalent phrase "Mater Dei" (Mother of God) is more common in Latin and so also in the other languages used in the Western Catholic Church, but this same phrase in Greek (Μήτηρ Θεοῦ), in the abbreviated form of the first and last letter of the two words (ΜΡ ΘΥ), is the indication attached to her image in Byzantine icons.
Answer in sentence: no