Carlos Humberto "Pepino" Toledo (10 August 1919 – 13 April 1980) was a Guatemalan football forward and coach who played the entirety of his professional career for CSD Municipal and was a member of the Guatemala national team.
In a tight race with Tipografía (Tip Nac), whom by then had attained a bitter rivalry with Municipal, the latter won the tournament, with "Pepino" scoring 15 goals in 12 matches, in what was his first of four consecutive years as the top goalscorer of the league.
Municipal won its third league title in the 1950-51 season, and after that, a friendly tournament called Cruz Roja (Red Cross), was played, where they beat four other teams from Central America and Mexico, thanks in part to "Pepino" scoring 6 goals in five matches.
The following week Municipal played a final series against new rivals Comunicaciones, losing the first leg 0-1, and coming back on the second leg with a 2-0 win, with goals by "Pepino" and "Soldado" de León, which gave Municipal their fourth league title, putting the club ahead of Tip Nac four championships to three since the inception of the new league structure in 1942.
At the III CCCF Championship in San José, Costa Rica, Guatemala would finish second in points behind the local side, despite having beaten them 4-1 thanks to a hat-trick by "Pepino".