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We consider the single hop broadcast packet erasure channel (BPEC) with two multicast sessions (each of them destined to a different group of users) and regularly available instantaneous receiver ACK/NACK feedback. Using the insight gained from recent work on BPEC with unicast and degraded messages [1], [2], we propose a virtual queue based session-mixing algorithm, which does not rely on knowledge of channel statistics and achieves capacity for and iid erasures. Since the optimal extension of this algorithm to is not straightforward, we then describe a low complexity algorithm which outperforms standard timesharing for arbitrary and is actually asymptotically better than timesharing, for any finite , as the erasure probability goes to zero. We finally provide, through an information-theoretic analysis, sufficient but not necessary asymptotic conditions between and (the number of transmissions) for which the achieved sum rate, under \textit{any} coding scheme, is essentially identical to that of timesharing.