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.
Toledo was from 1938 to 1955 one of the first stellar players of the Guatemalan top flight during its beginnings, helping Municipal win four titles in seven seasons and being the top goalscorer of the league four times.
With the national team he participated in four editions of the Central American and Caribbean Football Championships and twice at the Central American and Caribbean Games, and went on to become the team's top goal scorer.